- Business
- Zions Bancorporation, National Association (ZIONO) operates as a national bank and premier financial services company headquartered in Salt Lake City, Utah, and founded in 1873, providing a comprehensive range of banking products and services to businesses, households, and local governments primarily in 11 western U.S. states including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company conducts operations through distinct local brands and management teams such as Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, The Commerce Bank of Washington, and The Commerce Bank of Oregon, with total assets of approximately $89 billion and annual net revenue of $3.1 billion as of December 31, 2024. Its core offerings encompass commercial and small business banking including commercial, industrial, and owner-occupied lending and leasing; municipal and public finance services; depository accounts and cash management; commercial and small business cards; merchant processing; corporate trust services; and correspondent banking and international lending; capital markets and investment banking such as loan syndications, fixed income securities underwriting, advisory and capital raising, power and project financing, debt capital markets, real estate capital markets, sales and trading for foreign exchange, interest rate risk management, commodities risk management, and fixed income solutions; commercial real estate lending; retail banking featuring residential mortgages, home equity lines of credit, personal lines of credit, installment consumer loans, depository accounts, consumer cards, and personal trust services; and wealth management including investment management, fiduciary and estate services, and advanced business succession and estate planning. In recent developments, Zions entered a strategic relationship with OneDigital Investment Advisors in 2024 to divest its Enterprise Retirement Solutions business managing $4.4 billion in assets, enabling continued collaboration on retirement solutions for clients while expanding access to broader workplace offerings like employee benefits and HR consulting. CEO Harris Simmons indicated in September 2025 that the company actively pursues acquisition opportunities amid ongoing bank consolidation driven by technology investments, regulatory shifts, and market dynamics, positioning Zions as a strong partner for smaller community banks. Additionally, in August 2025, Zions completed a $500 million debt offering, and its board declared dividends on common and preferred stock payable in December 2025, reflecting sustained capital management amid strong financial performance including third quarter 2025 earnings reported in October.