Zions Bancorporation operates as a financial holding company. The company owned and operated 8 commercial banks with a total of 480 domestic branches, as of December 31, 2012. The company provides a range of banking and related services through its banking and other subsidiaries, primarily in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington, and Oregon. Products and Services The company focuses on providing community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management; and investment activities. The company operates banks in Western and Southwestern states with each bank operating under a different name. The banks provide various commercial and retail banking and mortgage lending products and services. They also provide a range of personal banking services to individuals, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, time certificates of deposits of various types and maturities, trust services, safe deposit facilities, direct deposit, and 24-hour ATM access. In addition, certain banking subsidiaries provide services to key market segments through their Women’s Financial, Private Client Services, and Executive Banking Groups. The company also offers wealth management services through various subsidiaries, including Contango Capital Advisors, Inc. and Western National Trust Company, and online and traditional brokerage services through Zions Direct, Inc. and Amegy Investments. The company has built specialized lines of business in capital markets and public finance, and provides Small Business Administration (SBA) lending. Through its banking subsidiaries, the company provides SBA 7(a) loans to small businesses throughout the United States and SBA 504 financing. The company owns an equity interest in Federal Agricultural Mortgage Corporation (Farmer Mac) and originates secondary market agricultural real estate mortgage loans through Farmer Mac. It also engages in municipal finance advisory and underwriting services. Regulation The company is a bank holding company and a financial holding company as provided by the Bank Holding Company Act, as modified by the Gramm-Leach-Bliley Act (GLB Act). The GLB Act allows its bank subsidiaries to engage in certain financial activities through financial subsidiaries. The company’s subsidiary banks and Western National Trust Company are subject to the provisions of the National Bank Act or other statutes governing national banks or, for those that are state-chartered banks, the banking laws of their various states, as well as the rules and regulations of the Office of the Comptroller of the Currency (for those that are national banks), the Federal Reserve Board, and the Federal Deposit Insurance Corporation. Its brokerage and investment advisory subsidiaries are regulated by the Securities and Exchange Commission (the SEC), Financial Industry Regulatory Authority, and/or state securities regulators. The company, subject to the Dodd-Frank Act, is being subjected to requirements regarding the time, manner, and form of compensation given to its key executives and other personnel receiving incentive compensation, which are being imposed through the supervisory process, as well as published guidance and proposed rule. The company is subject to the disclosure and regulatory requirements of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, both as administered by the SEC. The company is subject to the Sarbanes-Oxley Act of 2002, the Dodd-Frank Act, and other federal and state laws and regulations which address corporate governance, auditing and accounting, executive compensation, and enhanced and timely disclosure of corporate information. History Zions Bancorporation was founded in 1873. The company was incorporated in 1966.
zions bancorporation (ZION:NASDAQ GS)
One South Main Street
Salt Lake City, UT 84133
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