Zions Bank

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Zions Bank
Type Subsidiary
Industry Banking
Founded 1873 (1873)
Founder(s) Brigham Young
Headquarters Salt Lake City, U.S.
Number of locations 133 branches (2012)[1]
Area served Utah, Idaho
Key people Scott Anderson, President and CEO[1]
Products Financial services
Net income 47,719 million as of Q2
Employees 2,700[1]
Parent Zions Bancorporation
Website www.zionsbank.com

Zions Bank (Zions First National Bank) is an American bank: a subsidiary of Zions Bancorporation (NASDAQZION).[2][3] As of 2012, Zions Bank operated about 125 branches and 150 ATMs distributed between Idaho and Utah.[1]

History[edit]

Zion's Savings Bank and Trust Company was started by Brigham Young, president of The Church of Jesus Christ of Latter-day Saints (LDS Church), in 1873.[4] This became Utah's first chartered bank.[1] In 1957, Zion's Savings Bank and Trust Company (1873), Utah Savings and Trust Company (1889) and First National Bank of Salt Lake City (1890) merged and became Zions First National Bank. The apostrophe in the word "Zion's" was dropped.[5]

In 1960, the LDS Church sold most of Zions First National Bank to Keystone Insurance and Investment Company. The owners of Keystone took over the bank. Zions First National Investment Company became the majority owner of the bank stock in Nevada in 1961. Still under Keystone's control, the investment company became Zions Bancorporation in 1965.[5] Zions Bancorporation went public in 1966.

See also[edit]

References[edit]

  1. ^ a b c d e "About Zions Bank", ZionsBank.com, retrieved 2013-01-10 }.
  2. ^ Hoovers, Company Information: Zions First National Bank (Zions Bank), 2013-09-21 http://www.hoovers.com/company-information/cs/company-profile.Zions_First_National_Bank.f6004c8922d95549.html
  3. ^ "Zions Bank." Deposit Accounts. N.p., n.d. Web. 17 Nov. 2013. http://www.depositaccounts.com/banks/zions-bank.html
  4. ^ "Company Overview of Zions First National Bank (Salt Lake City, UT)." Businessweek.com. Bloomberg, n.d. Web. 17 Nov. 2013. <http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1057156>.
  5. ^ a b "A shining star in business community: President Monson dedicates Zions Bank Financial Center", Church News, May 21, 2010, retrieved 2013-01-11