M&A Deal Summary

Zions Acquires National Bank of Arizona

On January 17, 1994, Zions acquired financial services company National Bank of Arizona for 61M USD

Acquisition Highlights
  • This is Zions’ 1st transaction in the Financial Services sector.
  • This is Zions’ 7th largest (disclosed) transaction.
  • This is Zions’ 1st transaction in the United States.
  • This is Zions’ 1st transaction in Arizona.

M&A Deal Summary
Date 1994-01-17
Target National Bank of Arizona
Sector Financial Services
Buyer(s) Zions
Deal Type Add-on Acquisition
Deal Value 61M USD
Advisor(s) Hogan Lovells (Legal)

Target

National Bank of Arizona

Phoenix, Arizona, United States
website
National Bank of Arizona was founded on a mission of building local relationships and providing exceptional customer service. More than 25 years later our approach hasn't changed. We still pride ourselves on providing local expertise and delivering award-winning service.

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Buyer(S) 1

Buyer

Zions

Salt Lake City, Utah, United States

website

Category Company
Founded 1873
Sector Financial Services
Employees9,682
Revenue 2.8B USD (2020)
DESCRIPTION

Zions is a financial services company, consisting of a collection of banks in select high growth markets. Under local management teams and community identities, Zions operates over 480 full-service banking offices in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. Zions was founded in 1873 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 12
Sector (Financial Services) 1 of 11
Type (Add-on Acquisition) 1 of 12
State (Arizona) 1 of 1
Country (United States) 1 of 12
Year (1994) 1 of 1
Size (of disclosed) 7 of 11
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-05-16 Aspen Bancshares

Aspen, Colorado, United States

Aspen Bancshares, Inc. offered financial services, including various commercial loans, revolving credit facilities, construction lending, mortgage loans, small business in western slope region of Colorado.

Buy $73M
Mergr

Product

Company

Legal