Zions Bank Headquarters Information

Zions Bank is one of several banking subsidiaries that are operated by Zions Bancorporation. Zions Bancorporation is a bank holding company that has its headquarters in Salt Lake City, UT.

Apart from Zions Bank, the other subsidiaries of Zions Bancorporation are:

• California Bank and Trust
• Nevada State Bank
• National Bank of Arizona
• Amegy Bank of Texas
• Commerce Bank of Washington
• Zions Direct
• Vectra Bank Colorado

Altogether, Zions Bancorporation holds assets valued at $65 billion based on figures from the end of September 2017. This made it the 41^st largest bank in the United States.

Zions Bancorporation was one of the banks that received money from the Troubled Asset Relief Program following the 2008 financial crisis. The bank was given a total of $1.4 billion. The bank paid back all the money with government getting a $253 million profit from the investment.

Seven of the charters of the banks that are operated by the corporation were consolidated into one in 2015.

Zions Bancorporation has more than 450 branches and these are located in 11 states located in the western and south western states. The bank hires more than 10,000 people and is a member of the S&P 500 Index.

History of Zions Bancorporation

By the time Zions Bancorporation was initially formed, the original settles in Salt Lake had only been there for 26 years and Utah was yet to become a state. The bank was incorporated as Zion’s Savings Bank and Trust Company.

The banks initial stock was $200,000. On the day the bank’s doors were opened for the first time, $5876 in deposits were made to the bank. For the next 2 decades, the bank prospered until 1893.

In 1893, the ‘Panic of 1893’ made things difficult for the bank but despite the challenges during this time, the bank managed to remain solvent and also continued to grow.

Zions didn’t just grow on its own. Thanks to it, several businesses in Utah were able to grow. Some of the companies that were financed by Zions Bank Include:

• Bingham Copper Company A.K.A. Kennecott Copper
• Big Cottonwood Power Company A.K.A. Rock Mountain Power
• Salt Lake Gas Company A.K.A. Questar Gas
• Salt Lake and Los Angeles Railroad Company A.K.A. Union Pacific

Two other major challenges that Zions Bancorp has survived through include the 1907 depression and the 1929 stock market crash. Both of these incidents had a heavy impact on the banking industry in the industrialized world.

During the 1929 stock market crash, depositors withdrew $1.5 million in just 2.5 days. However, a defiant intervention by the bank’s president to demonstrate that the bank was strong changed this.

Zions Bancorporation first IPO was in January 1966. In the 60s and 70s, Zions would grow to become a major bank in the state after acquiring small banks.

The Headquarters

The head offices of Zions Bancorporation are located in Zions Bank Tower in Salt Lake City, UT. The building was constructed between 1962 and 1963 and reaches a height of approximately 300 feet.

The building has 18 floors. In 2005 and 2006, the building was renovated and this gave it a postmodern façade.

 

Zions Bank Headquarters Address

1 Main St, Salt Lake City, UT 84133, USA

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