Zions Bancorporation Announces Redemption Of Series B Trust Preferred Securities

Apr 02, 2013, 19:53 ET from Zions Bancorporation

SALT LAKE CITY, April 2, 2013 /PRNewswire/ -- Zions Bancorporation (Nasdaq: ZION) today announced that on May 3, 2013, Zions Capital Trust B will redeem all of its outstanding 8.0% capital securities (CUSIP No. 989703202, the "Capital Securities") consisting of 11,400,000 shares with an aggregate liquidation amount of $285,000,000.

The redemption price will be 100% of the liquidation amount ($25.00 per share) of the Capital Securities, together with accrued and unpaid distributions to the redemption date. The Paying Agent with respect to the Capital Securities is The Bank of New York Mellon, located at 111 Sanders Creek Parkway, East Syracuse, New York 13057, Attention: Transtar Department.

Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of eight great banks in select western U.S. markets with combined total assets exceeding $50 billion. Zions operates its banking businesses under local management teams and community identities in 10 western and southwestern states: Amegy Bank of Texas, California Bank & Trust, National Bank of Arizona, Nevada State Bank, The Commerce Bank of Oregon, The Commerce Bank of Washington, Vectra Bank Colorado (and New Mexico), and Zions First National Bank (Utah and Idaho). The company is a national leader in Small Business Administration lending and public finance advisory services. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to subsidiary banks can be accessed at www.zionsbancorporation.com.

SOURCE Zions Bancorporation