Edward Schreiber To Join Zions Bancorporation As Chief Risk Officer
Zions Bancorporation (NASDAQ: ZION) announced today that it has named Edward P. Schreiber as Executive Vice President and Chief Risk Officer, effective April 1, 2013.
Most recently, Mr. Schreiber has been a managing director of Alvarez & Marsal's Financial Industry Advisory Services, LLC (FIAS), where he headed up the FIAS's enterprise risk management efforts. Previously, he served for eleven years as Executive Vice President and Chief Risk Officer at TD Bank, N.A. and predecessor companies, in Portland, Maine; and for nineteen years as a national bank examiner with the Office of the Comptroller of the Currency. Mr. Schreiber also sits on the Risk Management Association's (RMA) Board of Directors as well as the RMA Enterprise Risk Council.
Harris H. Simmons, Chairman and Chief Executive Officer of Zions Bancorporation, stated, "We are very much looking forward to having Ed Schreiber join our executive management team in this vital role. He brings a deep background in all aspects of risk management, including credit, operational and other enterprise risk management disciplines. The fact that he's had broad experience in both the regulatory world and in the private sector is a great plus. He'll play a key role as we continue to build a strong, well-balanced risk management organization that will facilitate our long-term success."
Ed Schreiber stated, "I am looking forward to assisting Zion Bancorporation's Board and management team in continuing to build an effective risk management program. I truly feel honored to have been selected for such a critical role and being able to work for such a sound company."
Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of eight great banks in select western U.S. markets with combined total assets exceeding $50 billion. Zions operates its banking businesses under local management teams and community identities in 10 western and southwestern states: Amegy Bank of Texas, California Bank & Trust, National Bank of Arizona, Nevada State Bank, The Commerce Bank of Oregon, The Commerce Bank of Washington, Vectra Bank Colorado (and New Mexico), and Zions First National Bank (Utah and Idaho). The company is a national leader in Small Business Administration lending and public finance advisory services. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to subsidiary banks can be accessed at www.zionsbancorporation.com.
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