M&A Deal Summary

Zions Acquires Tri-State Bank

On July 11, 1997, Zions acquired financial services company Tri-State Bank for 8M USD

Acquisition Highlights
  • This is Zions’ 3rd transaction in the Financial Services sector.
  • This is Zions’ 10th largest (disclosed) transaction.
  • This is Zions’ 3rd transaction in the United States.
  • This is Zions’ 1st transaction in Idaho.

M&A Deal Summary
Date 1997-07-11
Target Tri-State Bank
Sector Financial Services
Buyer(s) Zions
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

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.

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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 3 of 12
Sector (Financial Services) 3 of 11
Type (Add-on Acquisition) 3 of 12
State (Idaho) 1 of 1
Country (United States) 3 of 12
Year (1997) 2 of 3
Size (of disclosed) 10 of 11
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-14 GB Bancorp.

San Diego, California, United States

GB Bancorp offers various banking products and services for individuals, professionals, and small to medium-sized businesses in the United States.

Buy $174M
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