| Market Capitalization (Millions $) |
7,183 |
| Shares
Outstanding (Millions) |
149 |
| Employees |
9,679 |
| Revenues (TTM) (Millions $) |
3,058 |
| Net Income (TTM) (Millions $) |
778 |
| Cash Flow (TTM) (Millions $) |
-65 |
| Capital Exp. (TTM) (Millions $) |
97 |
Zions Bancorporation National Association
Zions Bancorporation National Association: Comprehensive Overview
Corporate Structure and History
Zions Bancorporation National Association, established in 1955, is a financial holding company based in Utah and operates under the Bank Holding Company Act of 1956. The organization has grown significantly since its inception and now holds a diversified portfolio of banking and financial services.
As of the latest update, Zions Bancorporation comprises six distinct commercial banks. Each operates under its own name and autonomous management, catering to the financial needs of clients across eight western states in the United States, including Utah, Idaho, California, Nevada, Arizona, Colorado, and Washington. The banks network encompasses 413 branches, reflecting its substantial geographical presence and commitment to community banking.
Banking and Financial Services
Zions Bancorporation is dedicated to community-centric banking, emphasizing retail operations, small to medium-sized business lending, residential mortgages, and investment activities. Its expansive suite of services includes:
- Commercial Banking Services: Offering a variety of loans, lease financing, cash management, lockbox services, customized draft processing, and other specialized financial solutions aimed at commercial customers.
- Personal Banking Services: Providing a wide range of products including checking and savings accounts, credit cards, personal loans (including student and installment loans), home equity lines of credit, and trust services.
- Mortgage Services: Zions features a robust mortgage lending portfolio that includes both residential and commercial mortgages, supported by its expertise in the secondary mortgage market.
- SBA Lending: The corporation is recognized as a leading provider of U.S. Small Business Administration (SBA) lending, particularly in SBA 7(a) loans for small businesses and SBA 504 loans, which help businesses acquire fixed assets.
Specialized Business Lines
In addition to core banking services, Zions Bancorporation has carved out specialized focus areas:
- Capital Markets and Public Finance: The company operates in municipal finance advisory and underwriting, supporting government entities and agencies in their financing needs.
- Agricultural Financing: Through its equity interest in the Federal Agricultural Mortgage Corporation (Farmer Mac), Zions is a dominant player in the agricultural real estate mortgage sector, along with secondary market origination for agricultural loans.
- Venture Capital: Zions controls four venture capital entities that provide early-stage capital primarily to startups within the Western U.S. fostering innovation and business growth in the region.
Competitive Landscape
Zions operates in a highly competitive financial services environment. It faces competition from a myriad of entities, such as:
- Other banks and financial institutions, including credit unions, thrifts, and non-bank lenders.
- Insurance companies, finance companies, mutual funds, and brokerage firms.
- Investment banks and a variety of advisory service providers.
Many of these competitors operate without the same regulatory constraints that Zions Bancorporation faces, posing additional challenges. The financial services landscape continues to evolve, resulting in increased competition and alternative service providers vying for customers attention across various financial products.
Strategic Focus
Zions Bancorporation remains committed to expanding its market presence while maintaining a strong focus on community-oriented banking services. The organization actively seeks opportunities for growth through both organic expansion and strategic acquisitions, continually adapting its offerings to meet the dynamic needs of its customers in a competitive marketplace.
With a robust infrastructure that supports a diverse range of banking and financial services, Zions Bancorporation is poised to continue playing a significant role in the western U.S. banking sector.
Company Address: One South Main Salt Lake City, 84133 UT
Company Phone Number: 844-8208 Stock Exchange / Ticker: NASDAQ ZION
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