Zions Bancorporation, N.A. (NASDAQ: ZION), is a financial services corporation based in Salt Lake City, Utah, United States. One of the oldest financial institutions in the U.S., the company was established in 1873 by Brigham Young, the president of the Church of Jesus Christ of Latter-day Saints, who named it after the biblical Mount Zion.
Zions Bancorporation provides a wide range of banking and related services. Its services include traditional commercial and retail banking, home lending, treasury and cash management services, wealth management, and corporate trust services, among others. Individual customers, small to middle-market businesses, nonprofit organizations, and corporate and institutional clients are all beneficiaries of these services. Through creating strong local market relationships, the company effectively supports economic and community development in the regions where it operates.
Operating through a network of over 430 full-service branches, Zions Bancorporation has a significant presence across ten Western and Southwestern states, namely Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington. Zions Bancorporation operates several nationally recognized bank brands that include Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, and Vectra Bank Colorado, each of which maintains its local identity.
As of 2021, Zions Bancorporation’s total assets exceeded $80 billion, making it one of the largest banking companies in the U.S. It has managed to sustain its growth over the years through a combination of organic growth, mergers, and acquisitions. It is renowned for its strong balance sheet, customer-focus, prudent risk management, and environmental, social, and governance (ESG) practices.
The company is listed on the NASDAQ Stock Market under the symbol 'ZION'. It has consistently received high rankings for its corporate and electronic services, including being awarded 'Bank of the Year in the United States 2020' by The Banker Magazine. With its rich heritage, comprehensive service offerings, a sizable market presence, and a reputation for community involvement, Zions Bancorporation has remained a resilient player in the American banking industry.