Zions Bancorporation Announces Conference Appearance and Updates Warrant Information

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Dec 02, 2014, 06:46 ET

SALT LAKE CITY, Dec. 2, 2014 /PRNewswire/ -- Harris H. Simmons, Chairman and Chief Executive Officer of Zions Bancorporation (NASDAQ: ZION), will make a presentation at the Goldman Sachs US Financial Services Conference 2014 on Tuesday, December 9, 2014 at 12:30 p.m. ET. A live webcast of the presentation may be accessed on the Zions Bancorporation website, www.zionsbancorporation.com. The webcast will also be archived and available on the website for 30 days.

Additionally, Zions announced today that in accordance with the terms of the outstanding warrants to purchase common stock of Zions issued in May and October of 2010 (NASDAQ: ZIONW), the exercise price of the warrants has been reduced to $36.36 per share from $36.40 per share, and the warrant share multiplier has been increased to 1.0074 from 1.0064, effective as of November 19, 2014.

These adjustments resulted from the payment of a dividend on the common stock of Zions in the amount of $0.04 per share paid on November 26, 2014 (in excess of the dividend threshold amount of $0.01 per share per quarter in the terms of the warrants) and a trailing 10-day average price of Zions' common stock prior to the ex-dividend date of November 18, 2014. For further information, please see zionsbancorporation.com, under the heading Stock Information – Warrant Information.

Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of great banks in select western U.S. markets with combined total assets exceeding $55 billion. Zions operates its banking businesses under local management teams and community identities in 11 western and southwestern states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company is a national leader in Small Business Administration lending and public finance advisory services and is a consistent recipient of numerous Greenwich Excellence awards in banking. 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.