M&A Deal Summary

Zions Acquires Amegy Bancorp.

On July 6, 2005, Zions acquired financial services company Amegy Bancorp. for 1.7B USD

Acquisition Highlights
  • This is Zions’ 10th transaction in the Financial Services sector.
  • This is Zions’ largest (disclosed) transaction.
  • This is Zions’ 11th transaction in the United States.
  • This is Zions’ 1st transaction in Texas.

M&A Deal Summary
Date 2005-07-06
Target Amegy Bancorp.
Sector Financial Services
Buyer(s) Zions
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Goldman Sachs (Financial)
Sullivan & Cromwell (Legal)

Target

Amegy Bancorp.

Houston, Texas, United States
Entrance to Amegy's headquarters in Houston, Texas.
Entrance to Amegy's headquarters in Houston, Texas.
Amegy Bancorporation, Inc., the parent company of Amegy Bank N.A., is an independent bank holding company. The Bank focuses on commercial lending, treasury management, and investment services for businesses, private financial management, and trust services for families and individuals, and retail and mortgage banking services. Amegy was formed in 1996 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Zions

Salt Lake City, Utah, United States
Category Company
Founded 1873
Sector Financial Services
Employees9,696
Revenue 3.1B USD (2023)
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 11 of 12
Sector (Financial Services) 10 of 11
Type (Add-on Acquisition) 11 of 12
State (Texas) 1 of 1
Country (United States) 11 of 12
Year (2005) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-21 Grant-Hatch & Associates

Salt Lake City, Utah, United States

Grant-Hatch & Associates provides a full service insurance brokerage firm that focuses on industrial, commercial, and surety bonds.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-11 Grant-Hatch & Associates

Salt Lake City, Utah, United States

Grant-Hatch & Associates provides a full service insurance brokerage firm that focuses on industrial, commercial, and surety bonds.

Sell -
Mergr

Product

Company

Legal