M&A Deal Summary

Zions Acquires Aspen Bancshares

On May 16, 1997, Zions acquired financial services company Aspen Bancshares for 73M USD

Acquisition Highlights
  • This is Zions’ 2nd transaction in the Financial Services sector.
  • This is Zions’ 6th largest (disclosed) transaction.
  • This is Zions’ 2nd transaction in the United States.
  • This is Zions’ 1st transaction in Colorado.

M&A Deal Summary

Date 1997-05-16
Target Aspen Bancshares
Sector Financial Services
Buyer(s) Zions
Deal Type Add-on Acquisition
Deal Value 73M USD
Advisor(s) KeyBanc Capital Markets (Financial)
Rothgerber Johnson & Lyons LLP (Legal)

Target

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.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Zions

Salt Lake City, Utah, United States

Category Company
Founded 1873
Sector Financial Services
Employees9,406
Revenue 3.1B USD (2024)
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 2 of 12
Sector: Financial Services M&A 2 of 11
Type: Add-on Acquisition M&A Deals 2 of 12
State: Colorado M&A 1 of 3
Country: United States M&A 2 of 12
Year: 1997 M&A 1 of 3
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-17 National Bank of Arizona

Phoenix, Arizona, United States

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.

Buy $61M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-11 Tri-State Bank

Montpelier, Idaho, United States

Tri-State Bank operated as the holding company of 11 banks.The banks offered a wide range of consumer deposit products, including regular checking, checking with interest, budget checking, money market accounts, regular savings.

Buy $8M