Zions Bancorporation Announces New President Of The Commerce Bank of Washington

Banking Veteran Stan Savage Named as TCB President;

Savage Expected to Succeed James Hawkanson as CEO in Early Third Quarter



Apr 30, 2001, 01:00 ET from Zions Bancorporation

    SEATTLE, April 30 /PRNewswire/ -- Zions Bancorporation (Nasdaq:   ZION) has
 announced that its subsidiary, The Commerce Bank of Washington ("TCB"), has
 taken the first step in a year-long leadership transition program.  Current
 chief executive officer James Hawkanson has been elected as chairman and CEO
 of TCB, and former Bank of America Executive Vice President Stanley Savage has
 been named to the position of president.
     The board of directors of TCB has named Savage, a 29-year banking veteran,
 president and elected him to the board. Savage is expected to succeed
 Hawkanson as CEO in early third quarter of this year.  In addition, the Zions
 Bancorporation board of directors has elected Savage as an executive vice
 president of the Company.  The changes are effective immediately.
     Hawkanson will remain chairman until his retirement on December 31, 2001.
 After retiring, Hawkanson will continue as a member of the TCB board.
 Hawkanson had been managing director and CEO since co-founding the bank in
 1988.
     "Stan's unparalleled experience in our market niches and dedication to the
 community make him the perfect choice to lead The Commerce Bank into the new
 century and to continue to create lasting relationships with the backbone of
 our community -- local entrepreneurs and professionals," said Hawkanson.
     Savage comes to TCB from Bank of America where he had served as executive
 vice president and vice chairman of Seafirst Bank, with responsibilities for
 domestic and international Private Banking and Commercial Markets Groups.
 Previous posts included serving as manager of Seafirst Bank's Capital
 Management and Commercial Markets Groups and president and chief operating
 officer of Security Pacific Bancorporation Northwest and Security Pacific Bank
 Washington (formerly Ranier Bank).
     "I have always admired the role The Commerce Bank has played in enriching
 local businesses and professional firms through highly personalized banking,"
 said Savage.  "And after years of working in institutions with many layers of
 bureaucracy, I am returning to what I love about this business -- working with
 clients."
     In addition to his professional achievements, Savage has been
 significantly involved in the Seattle non-profit community.  Savage has served
 as chairman of Corporate Council for the Arts, National Center for APEC, Trade
 Development Alliance of Greater Seattle and Seattle Repertory Theatre.  His
 board memberships include Seattle Art Museum, Greater Seattle Chamber of
 Commerce, YMCA of Greater Seattle, Boy Scouts of America-Greater Seattle
 Council, The Visiting Committee of the Department of Economics, University of
 Washington and Pacific Northwest Research Institute.
 
     The Commerce Bank provides banking and corporate finance services to
 businesses and private banking services to individual clients.  Founded in
 1988, the bank focuses on the financial needs of Puget Sound-based companies
 and professional firms, providing its clients direct access to strategic,
 local support through relationships with highly experienced bankers.  The
 Commerce Bank's professionals average more than 20 years of banking experience
 and, without the usual hierarchy and bureaucracy, each banker has direct
 client responsibilities.  For more information about TCB, visit www.tcbwa.com.
 
     Zions Bancorporation is one of the nation's premier financial services
 companies, consisting of a collection of great banks in select high growth
 markets.  Under local management teams and community identities, Zions
 operates more than 400 full-service banking offices in Arizona, California,
 Colorado, Idaho, Nevada, New Mexico, Utah and Washington.  In addition, Zions
 is the only primary dealer in government securities headquartered in the
 western United States, and is a national leader in SBA lending, public finance
 advisory services, agricultural finance and electronic bond trading.  Through
 its subsidiary, Digital Signature Trust, the company is a leader in providing
 trusted Internet identity credentials.  Forbes magazine recently named Zions
 one of America's best big companies.  Investor information and links to
 subsidiary banks can be accessed at www.zionsbancorporation.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X02424913
 
 

SOURCE Zions Bancorporation
    SEATTLE, April 30 /PRNewswire/ -- Zions Bancorporation (Nasdaq:   ZION) has
 announced that its subsidiary, The Commerce Bank of Washington ("TCB"), has
 taken the first step in a year-long leadership transition program.  Current
 chief executive officer James Hawkanson has been elected as chairman and CEO
 of TCB, and former Bank of America Executive Vice President Stanley Savage has
 been named to the position of president.
     The board of directors of TCB has named Savage, a 29-year banking veteran,
 president and elected him to the board. Savage is expected to succeed
 Hawkanson as CEO in early third quarter of this year.  In addition, the Zions
 Bancorporation board of directors has elected Savage as an executive vice
 president of the Company.  The changes are effective immediately.
     Hawkanson will remain chairman until his retirement on December 31, 2001.
 After retiring, Hawkanson will continue as a member of the TCB board.
 Hawkanson had been managing director and CEO since co-founding the bank in
 1988.
     "Stan's unparalleled experience in our market niches and dedication to the
 community make him the perfect choice to lead The Commerce Bank into the new
 century and to continue to create lasting relationships with the backbone of
 our community -- local entrepreneurs and professionals," said Hawkanson.
     Savage comes to TCB from Bank of America where he had served as executive
 vice president and vice chairman of Seafirst Bank, with responsibilities for
 domestic and international Private Banking and Commercial Markets Groups.
 Previous posts included serving as manager of Seafirst Bank's Capital
 Management and Commercial Markets Groups and president and chief operating
 officer of Security Pacific Bancorporation Northwest and Security Pacific Bank
 Washington (formerly Ranier Bank).
     "I have always admired the role The Commerce Bank has played in enriching
 local businesses and professional firms through highly personalized banking,"
 said Savage.  "And after years of working in institutions with many layers of
 bureaucracy, I am returning to what I love about this business -- working with
 clients."
     In addition to his professional achievements, Savage has been
 significantly involved in the Seattle non-profit community.  Savage has served
 as chairman of Corporate Council for the Arts, National Center for APEC, Trade
 Development Alliance of Greater Seattle and Seattle Repertory Theatre.  His
 board memberships include Seattle Art Museum, Greater Seattle Chamber of
 Commerce, YMCA of Greater Seattle, Boy Scouts of America-Greater Seattle
 Council, The Visiting Committee of the Department of Economics, University of
 Washington and Pacific Northwest Research Institute.
 
     The Commerce Bank provides banking and corporate finance services to
 businesses and private banking services to individual clients.  Founded in
 1988, the bank focuses on the financial needs of Puget Sound-based companies
 and professional firms, providing its clients direct access to strategic,
 local support through relationships with highly experienced bankers.  The
 Commerce Bank's professionals average more than 20 years of banking experience
 and, without the usual hierarchy and bureaucracy, each banker has direct
 client responsibilities.  For more information about TCB, visit www.tcbwa.com.
 
     Zions Bancorporation is one of the nation's premier financial services
 companies, consisting of a collection of great banks in select high growth
 markets.  Under local management teams and community identities, Zions
 operates more than 400 full-service banking offices in Arizona, California,
 Colorado, Idaho, Nevada, New Mexico, Utah and Washington.  In addition, Zions
 is the only primary dealer in government securities headquartered in the
 western United States, and is a national leader in SBA lending, public finance
 advisory services, agricultural finance and electronic bond trading.  Through
 its subsidiary, Digital Signature Trust, the company is a leader in providing
 trusted Internet identity credentials.  Forbes magazine recently named Zions
 one of America's best big companies.  Investor information and links to
 subsidiary banks can be accessed at www.zionsbancorporation.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X02424913
 
 SOURCE  Zions Bancorporation

RELATED LINKS

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