The Art of … Banking

Public company
Traded as NASDAQZION
S&P 500 Index component
Industry Financial Services
Founded 1873; 144 years ago (1873)
Founder Brigham Young
Headquarters Salt Lake City, Utah
Key people
Harris H. Simmons, Chairman & CEO
PAUL E. BURDISS, CFO[1]
Revenue Increase $2.383 billion (2016)[1]
Increase $0.469 billion (2016)[1]
Total assets Increase $63.239 billion (2016)[1]
Total equity Increase $6.925 billion (2016)[1]
Number of employees
10,057 (2016)[1]
Subsidiaries Amegy Bank of Texas
California Bank and Trust
Nevada State Bank
Zions Direct
Website zionsbancorporation.com

Zions Bancorporation is a bank holding company headquartered in Salt Lake City, Utah. Zions is on the list of largest banks in the United States.


Zions Bank tower in Salt Lake City, Utah.

History


Zions retail footprint

Zions’ history dates back to the founding of Zion’s Savings Bank and Trust Company, which was opened in the fall of 1873 by Brigham Young during the Mormon settlement of Utah. It was Utah’s first chartered savings bank and trust company.

During the Panic of 1893, the bank managed not only to remain solvent, but continue to grow.[2]

During the early 20th century, Zions financed such firms as:[2]

The Panic of 1907 was the lone interruption in the steady growth of Zions.[2] However, deposits grew from $2 million in 1901 to $9 million in 1918.[2]

Great Depression

On the morning of February 15, 1932, 3 years after the Wall Street Crash of 1929, customers began a run on the bank, waiting in lines that ran out of the building and onto the street. Tellers were instructed to honor all withdrawal requests. In 2.5 days, a total of $1.5 million was withdrawn. Near the end of the second day, bank president Heber J. Grant placed a sign in the bank’s window that read, in part:

[The bank] is in a very strong, clean, liquid condition. It can pay off every depositor in full. Fear of its failure is not only without foundation, but positively foolish. There is not a safer bank in the State or the Nation.[2]

Lines of customers that had been as long as a city block began to dwindle, and within five or six days many customers returned to deposit their money. By month’s end, total deposits were more than withdrawals, and Zions had survived the Great Depression.[3]

In 1957, Zion’s merged with Utah Savings and Trust Company and First National Bank of Salt Lake City.[3] The surviving institution was named Zions First National Bank.

1960-2007

In 1960, Keystone Insurance and Investment Company, which had been founded in 1955, bought a majority stake in Zions from The Church of Jesus Christ of Latter-day Saints and changed its name to Zions Utah Bancorporation. It kept that name until 1987, when it became shortened to Zions Bancorporation, its present name, to reflect the growing presence of the company outside of Utah.[2]

In January 1966, Zions became a public company via an initial public offering.[3]

The bank expanded into Nevada in 1985 with the purchase of Nevada State Bank.[2][4]

The bank entered Arizona in 1986 with the acquisition of Mesa Bank.[2][5]

It expanded into Colorado and New Mexico in 1996 by acquiring Aspen Bancshares, which operated Pitkin County Bank and Trust, Valley National Bank of Cortez, and Centennial Savings Bank.[6]

Zions made many acquisitions in 1997 and 1998.[7]

In 1997, Zions acquired Vectra Banking Corporation and Tri-State Finance Corporation of Colorado.[8] Zions also acquired Tri-State Bank of Idaho.[9] It also bought 27 branches in Arizona, Idaho, Nevada, and Utah from Wells Fargo.[10]

Zions expanded into California in 1997 and Washington in 1998, Oregon in 2005.

In 1999, the company bid for First Security Corporation but it was acquired by Wells Fargo[11] after Zions was forced by the U.S. Securities and Exchange Commission to restate its results in prior years due to the way it accounted for acquisitions.[12] However, after the acquisition closed, Zions became the largest bank headquartered in Utah.

In 2001, the company was added to the S&P 500 Index.[13]

In 2005, the company expanded into Texas with the purchase of Amegy Bank.[14]

2008-present

In September 2008, Desert Hills Bank of Phoenix, Arizona, with $496 million in assets, was seized by the FDIC and acquired by Nevada State Bank, a subsidiary of Zions.[15]

On August 31, 2010, Zions announced the sale of its NetDeposit subsidiary to BankServ.[16]

Zions received a $1.4 billion investment from the U.S. government as a result of the Troubled Asset Relief Program. The final $700 million was repaid on September 26, 2012 and the government realized a profit of $253 million from its investment in the company.[17][18]

On June 1, 2015, Zions Bancorporation announced a corporate restructuring, which included the consolidation of 7 bank charters into a single charter and $120 million in expense reduction initiaves.[19][20]

https://en.wikipedia.org/wiki/Zions_Bancorporation

[FOR THE RECORD.  Either I forgot to upload the picture of “What’s Moving After Hours” (stocks including the Mormon Church of Satan Zions Bank), a picture that I saved on my other computer (I work on my other computer when I’m in my room at the YWCA; this computer I carry with me-right now I’m sitting in 60 Wall Street atrium, now a Deutsche property, originally owned by JPMorgan), or, Mormon computer gremlins deleted it:]
(CNN Money After Hours, November 8, 2017, evening, http://money.cnn.com/data/afterhours/)

(CNN Money After Hours, November 8, 2017, http://money.cnn.com/data/afterhours/)


(CNN Money, Zions Bancorp, November 8, 2017, http://money.cnn.com/quote/quote.html?symb=zion)

Orrin Porter Rockwell (June 28, 1813 or June 25, 1815 – June 9, 1878) was a figure of the Wild West period of American History, a Mormon Danite, and a law man in the Utah Territory. Nicknamed Old Port and labeled “The Destroying Angel of Mormondom“, during his lifetime he was as famous and controversial as Wyatt Earp or Pat Garrett. He was a bodyguard and personal friend of Joseph Smith, the founder of the Latter Day Saint movement.

Rockwell had the distinction of being the subject of a direct prophecy by Smith. After spending eight months in jail on charges of attempting to assassinate former Missouri Governor Lilburn Boggs, Rockwell traveled to Nauvoo, where he appeared unannounced at a Christmas party at Smith’s home. When his identity was confirmed, Smith was moved to say, “I prophesy, in the name of the Lord, that you — Orrin Porter Rockwell — so long as ye shall remain loyal and true to thy faith, need fear no enemy. Cut not thy hair and no bullet or blade can harm thee.”[6] The promise echoes that given by an angel to the parents of the Biblical Samson.[2]

He did at one time cut his hair. Upon hearing of a widow who was balding from typhoid fever, he gave up his famous long hair to make the woman a wig. The recipient of the hair was Agnes Coolbrith Smith Pickett, widow of Smith’s brother, Don Carlos,[7] and mother of Ina Coolbrith, who grew up to be Poet Laureate of California.

He was also reputed to have killed many men as a gunfighter, as a religious enforcer, and Deputy United States Marshal. It is said that Rockwell once told a crowd listening to United States Vice President Schuyler Colfax in 1869, “I never killed anyone who didn’t need killing”.[8]
https://en.wikipedia.org/wiki/Porter_Rockwell

thinkBIG
JUNK
(Local company gets custom order from rapper Jay-Z, Mormon Church of Satan, July 27, 2010, https://www.ksl.com/?nid=148&sid=11740505 )

https://www.deseretnews.com/article/765681855/Marriott-buys-rival-hotel-chain-Starwood-for-122-billion.html

THIS IS AN IMPORTANT MESSAGE FROM ME:
No matter how many people think otherwise, Jehovah’s Witnesses really is God’s visible organization.
The wrath of Jehovah God really is upon the Mormon Church of Satan, no matter how many people think otherwise.
The stock market really is going to crash, worldwide, no matter how many people think otherwise.
No matter how many people think otherwise, Caroline Kennedy will be elected President in the year 2020; Jim Turner of Texas will be elected Vice President; Robert Kennedy Jr. will be nominated and confirmed U.S. Attorney General; Robert Mueller will be nominated and confirmed Director of the FBI.
No power on earth has the power to prevent this prophetic message that I write from becoming reality, not even these four people themselves.  I write under inspiration from and with authority from, God, the true God, Jehovah.  cc all Mormon barristers

THIS IS ANOTHER IMPORTANT MESSAGE FROM ME:
Mayor Warren Wilhelm aka Bill de Blasio is the clean-up man, if the Mormon Church of Satan/CIA succeed in their planned nuclear bomb attack on the Hudson River.  His administration is already prepared to hold tribunals and immediately execute some of the “troublemakers” (30,000 bananas; nationwide: 30,000 guillotines, to be continued).

Partial List of Scapegoats, if the Mormon Church of Satan/CIA succeed in their nuclear bomb attack on the Hudson River:

Former President Barack “Hussein” Obama
Former Advisor to the President, Valerie “June” Jarrett
Former Homeland Security Director “Jeh” Johnson
Newark Mayor Ras Baraka
Minnesota Congressman FBI agent Keith “Ellison”
New York Congressman FBI agent Hakim Jeffries
Former leader of the CIA’s Black Panthers: FBI agent “Malik Zulu Shabazz”
Former Public Relations Spokesman for Mormon Church, FBI agent “Ahmad” Corbitt (now assigned to the Dominican Republic)

The purpose of this website is to expose the Mormon Church of Satan and all enemies of Jesus Christ the Way the Truth the Life, the Prince of Peace. This website is also the beginning of a presidential campaign to elect Caroline Kennedy President of the United States. I prayed to Jehovah God to please, by means of His son Christ Jesus, please, arrange national events and world events in such a manner such that Caroline Kennedy is elected President of the United States.  I know Jehovah God hears my prayer and will answer my prayer because that particular prayer of mine is one of my deepest desires and Jehovah God has promised me that he will satisfy all of my deepest desires.  All of the information posted at this website is interconnected; directly connected to the Mormon Church of Satan’s illegal sting operation surrounding Jehovah’s Witnesses worldwide, and me. The illegal sting operation that encompasses every human being on earth, and has resulted in the LEGAL CASE, unlike any other, ever. The LEGAL CASE, headed to The Hague, Netherlands. cc all Mormon attorneys

As the Storm Approaches,
Maintain Your Focus on Jesus!
(Matthew 14:22-34; Hebrews 12:2)
(Concluding talk, Jehovah’s Witnesses Convention 2015, worldwide)