Zions Bancorp. (ZION)

Zions Bancorporation operates as a multi bank holding company that provides banking and related products and services. The company offers small and medium-sized business and corporate banking services; commercial and residential development, construction, and term lending services; retail banking services; treasury cash management and related products and services; residential mortgages; and trust and wealth management services. It also provides personal banking services to individuals, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, time certificates, trust services, safe deposit facilities, and direct deposits. In addition, the company engages in the development and sale of financial technologies and related services, as well as involves in capital markets and public finance operations. Further, Zions Bancorporation provides the U.S. Small Business Administration (SBA) lending services to small businesses; secondary market agricultural real estate mortgage loans; municipal finance advisory and underwriting services; check imaging and clearing software; and Web-based medical claims tracking and cash management services. Additionally, the company offers construction and commercial real estate financing, real estate and consumer lending, depository services, international banking, and community development services. As of December 31, 2008, Zions Bancorporation through its 8 commercial banks, operated a total of 513 branches and 625 ATMs in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington. The company was founded in 1955 and is headquartered in Salt Lake City, Utah.

For the nine months ended 30 September 2006, Zions Bancorporation's interest income rose 51% to $2.06B. Net interest income after LLP rose 32% to $1.26B. Net income rose 24% to $436.6M. Net interest income reflects increased interest earning assets, partially offset by higher interest paid on deposits. Net income was partially offset by higher salaries & employee benefits cost, increased merger related expenses and higher occupancy expenses.