Zions Bancorporation Board Declares Dividends And Authorizes Common Equity Repurchase

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Jul 22, 2016, 06:59 ET

SALT LAKE CITY, July 22, 2016 /PRNewswire/ -- Zions Bancorporation (NASDAQ: ZION) announced today that its board of directors declared a regular quarterly dividend of $0.08 per common share. The dividend is payable August 25, 2016 to shareholders of record on August 18, 2016. Zions also announced today that the board has authorized the commencement of its stock buyback program, including $45 million in the third quarter of 2016. The board of directors also declared the regular quarterly cash dividends on the company's various perpetual preferred shares; the cash dividend on the Series A, F, G, H and J shares are payable on September 15, 2016 to shareholders of record on September 1, 2016, while the cash dividend on the Series I shares are payable on December 15, 2016 to shareholders of record on December 1, 2016.

Zions Bancorporation is one of the nation's premier financial services companies with total assets of approximately $60 billion. Zions operates under local management teams and unique brands in 11 western 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 top recipient of 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 local banking brands can be accessed at zionsbancorp.com.