Zions - M&A Summary and Business Overview

Financial ServicesCompany

Zions M&A Summary

Zions has acquired 12 companies. It has also divested 2 assets.

Zions’ largest acquisition to date was in 2005, when it acquired Amegy Bancorp. for $1.7B. Zions has acquired in 9 different US states. The Company’s most targeted sectors include financial services (92%) and insurance (9%).

Zions Business Overview

Where is Zions headquartered?

Zions is headquartered in Salt Lake City, Utah.

What is Zions’ revenue?

Zions disclosed revenue of 3,115M USD for 2023 and 3,152M USD for 2022.

How many employees does Zions have?

Zions has 9,696 employees.

What sector is Zions in?

Zions is a financial services company.

When was Zions founded?

Zions was founded in 1873.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity12
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 6

Zions

Zions Bancorporation

One South Main Street,
Salt Lake City, Utah 84133
United States,
(801) 844-8208
www.zionsbancorporation.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 12 - - - - - 12
vol $2.5B $2.5B
Sell (0.0/yr) # 2 - - - - - 2
  14

Most Recent M&A

Company Date Value Type
NetDeposit, LLC 2010-08-31 - Divestiture
Salt Lake City, Utah · www.netdeposit.com
Silver State Bank 2008-09-05 - Add-on Acquisition
Henderson, Nevada
Grant-Hatch & Associates, Inc. 2007-01-11 - Divestiture
Salt Lake City, Utah · www.grant-hatch.com
Amegy Bancorp. Inc. 2005-07-06 1.7B USD Add-on Acquisition
Houston, Texas · www.amegybank.com
Grant-Hatch & Associates, Inc. 2002-10-21 4M USD Add-on Acquisition
Salt Lake City, Utah · www.grant-hatch.com
Eldorado Bancshares, Inc. 2001-03-30 204M USD Add-on Acquisition
Laguna Hills, California
The Commerce Bancorp. 1998-09-09 89M USD Add-on Acquisition
Seattle, Washington
Kersey Bancorp, Inc. 1998-08-31 28M USD Add-on Acquisition
Kersey, Colorado
Sky Valley Bank Corp. 1998-01-23 20M USD Add-on Acquisition
, United States
Vectra Banking Corp. 1998-01-06 179M USD Add-on Acquisition
Denver, Colorado
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Zions First National Bank    - Zions First National Bank - Bonners Ferry 2005-01-31 1
Salt Lake City, Utah · www.zionsbank.com Salt Lake City, Utah

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 11 (92%) 2.5B (100%) 1 (50%) -
Insurance 1 (8%) 4M (< 1%) 1 (50%) -
Total 12 $2.5B 2 -

By Geo

State/Country Buy Value Sell Value
United States 12 2.5B 2 -
  Colorado 3 280M - -
  Utah 1 4M 2 -
  California 2 378M - -
  Washington 1 89M - -
  Texas 1 1.7B - -
  Nevada 1 - - -
  Idaho 1 8M - -
  Arizona 1 61M - -
Total 12 $2.5B 2 -

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
 1
Goldman Sachs
 1
Lehman Brothers, Inc.
1
Legal Deals
Duane Morris
 7
Sullivan & Cromwell
 3
Pillsbury Winthrop Shaw Pittman
 1

Deal Values

buy # Total
> $1B 1 $1.7B
$100M to $1B 3 $557M
< $100M 7 $284M
TOTAL $2.5B
Largest Amegy Bancorp. Inc.
$1.7B (2005-07-06)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Financial Services

Revenue

3,115   2% 2023
3,152   9% 2022
2,911   5% 2021
2,790   2% 2020
2,834   2% 2019
2,782   7% 2018
2,609   10% 2017
2,383   8% 2016
2,210   7% 2015
2,361   4% 2014
2,279   2013
(millions of USD) Show More Show Less

Employees

9,696

Established

1873

Public

NASDAQ: ZION

Former Name

Vectra Banking Corp.

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