Zions Bank history

In the panic of 1893, the bank managed not only to remain solvent, but continue to grow.

Vectra Bank was founded on September 6, 1905 and has been serving the financial needs of their customers for over 116 years.

The Panic of 1907 was the lone interruption in the steady growth of Zions.

At the time of the Great Crash of 1929, Zions was in a very sound financial position.

On the morning of February 15, 1932, customers began a run on the bank, waiting in lines that ran out of the building and onto the street.

The company was founded in April 1955 and is headquartered in Salt Lake City, UT.“

At the end of 1957, Zion’s merged with Utah Savings and Trust Company and First National Bank of Salt Lake City.

17, 1961, Zions First National Investment Company was incorporated in Nevada and became the majority owner of the bank stock controlled by the Keystone group.

The holding company's name was changed to Zions Utah Bancorporation in 1965.

Zions went public in January 1966, and has paid a cash dividend to shareholders every year since.

In 1971 Zions Utah Bancorporation merged into Keystone, with Keystone becoming the surviving company.

When he returned from Harvard, he went to work with First National and was named assistant vice president at Zions Utah Bancorporation in 1981.

In October of 1986, Zions purchased Mesa Bank and changed the name of its Arizona operations to Zions First National Bank of Arizona.

In 1960, Keystone Insurance and Investment Company, which had been founded in 1955, bought a majority stake in Zions from The Church of Jesus Christ of Latter-day Saintsand changed its name to Zions Utah Bancorporation. It kept that name until 1987, when it became shortened to Zions Bancorporation, its present name, to reflect the growing presence of the company outside of Utah.

The losses were so bad that Roy Simmons suspended his $191,000 chairman's salary in 1988 and cut his officer's pay.

As many of its competitors became mired in nonperforming real estate loans, Zions recovered in 1989 as local markets perked up and its loan portfolio improved.

Harris Simmons became chief executive in 1991.

That purchase gave Zions a total asset base of about $630 million in Arizona by 1993 and extended its reach into Phoenix, Tuscon, and Flagstaff.

Similarly, Zions expanded its Nevada State Bank in Las Vegas, increasing its total number of branches to 19 by early 1994.

With the merger of First Security Corporation into Wells Fargo in 2000, Zions became the largest bank headquartered in Utah.

As part of Zions Bancorporation since 2005, Amegy Bank is strengthened by the stability and resources of one of the nation’s premier financial services companies.

In September 2008, one of Zions’ subsidiaries, Nevada State Bank, acquired the insured deposits of failed Silver State Bank, which was closed by Nevada state officials.

On August 31, 2010, Zions Bancorp announced the sale of its NetDeposit subsidiary to BankServ in a primarily cash transaction.

26, 2012, Zions Bancorporation redeemed its final $700 million of TARP shares.

Jan 01, 2016Changed name to Zb, National Association (2270)

Sep 30, 2018Changed name to Zions Bancorporation, N.a. (2270)