M&A Deal Summary

Zions First National Bank Acquires Draper Bancorp

On January 1, 2001, Zions First National Bank acquired financial services company Draper Bancorp for 82M USD

Acquisition Highlights
  • This is Zions First National Bank’s 4th transaction in the Financial Services sector.
  • This is Zions First National Bank’s largest (disclosed) transaction.
  • This is Zions First National Bank’s 4th transaction in the United States.
  • This is Zions First National Bank’s 1st transaction in Utah.

M&A Deal Summary
Date 2001-01-01
Target Draper Bancorp
Sector Financial Services
Buyer(s) Zions First National Bank
Deal Type Add-on Acquisition
Deal Value 82M USD
Advisor(s) Hovde Group LLC (Financial)
Lewis, Rice & Fingersh LC (Legal)

Target

Draper Bancorp

Draper, Utah, United States
Draper Bank has a well-deserved reputation as the famous bank serving the rapidly growing communities.

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Buyer(S) 1

Buyer

Zions First National Bank

Salt Lake City, Utah, United States

website

Category Company
Founded 1873
Sector Financial Services
DESCRIPTION

Zions First National Bank provides personal and commercial banking services.Zions First National Bank operates as a subsidiary of Zions Bancorp.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Utah) 1 of 1
Country (United States) 4 of 4
Year (2001) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-06-08 First Western Bancorp

New Castle, Pennsylvania, United States

First Western Bancorp,provided a range of retail and commercial banking products, including personal and commercial checking accounts, savings and time deposit accounts.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-31 Zions First National Bank - Bonners Ferry

Salt Lake City, Utah, United States

Zions First National Bank - Bonners Ferry is a provider of financial services.

Sell -
Mergr

Product

Company

Legal