M&A Deal Summary

Zions Acquires Silver State Bank

On September 5, 2008, Zions acquired financial services company Silver State Bank

Acquisition Highlights
  • This is Zions’ 11th transaction in the Financial Services sector.
  • This is Zions’ 12th transaction in the United States.
  • This is Zions’ 1st transaction in Nevada.

M&A Deal Summary
Date 2008-09-05
Target Silver State Bank
Sector Financial Services
Buyer(s) Zions
Deal Type Add-on Acquisition

Target

Silver State Bank

Henderson, Nevada, United States
Silver State Bank provides commercial banking services. It offers personal banking services, which include regular and award checking, interest plus checking, personal and premier money market.

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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 12 of 12
Sector (Financial Services) 11 of 11
Type (Add-on Acquisition) 12 of 12
State (Nevada) 1 of 1
Country (United States) 12 of 12
Year (2008) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-31 NetDeposit

Salt Lake City, Utah, United States

NetDeposit is a bank-independent processor of remote deposit capture transactions.

Sell -
Mergr

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