Zions Bancorporation ZION ("Zions" or "the Company") today announced its plans to offer 8,000,000
depositary shares each representing a 1/40th interest in a share of Series G
fixed/floating rate non-cumulative perpetual preferred stock pursuant to a
previously filed prospectus supplement to its prospectus dated April 4, 2011.
The public offering price of each depositary share will be equal to the
liquidation preference per depositary share, or $25.00. The dividend rate and
the allocation of the depositary shares in this offering will be determined by
an online auction process facilitated by Zions Direct, Inc. ("Zions Direct"),
as auction service provider. Deutsche Bank Securities Inc., Goldman, Sachs &
Co. and Zions Direct are serving as underwriters and joint book-running
managers for the offering.
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