0000109380-17-000212.txt : 20170628 0000109380-17-000212.hdr.sgml : 20170628 20170628164630 ACCESSION NUMBER: 0000109380-17-000212 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170628 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170628 DATE AS OF CHANGE: 20170628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZIONS BANCORPORATION /UT/ CENTRAL INDEX KEY: 0000109380 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 870227400 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12307 FILM NUMBER: 17935779 BUSINESS ADDRESS: STREET 1: ONE SOUTH MAIN STREET STREET 2: 15TH FLOOR CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: 8015244787 MAIL ADDRESS: STREET 1: ONE SOUTH MAIN STREET STREET 2: 15TH FLOOR CITY: SALT LAKE CITY STATE: UT ZIP: 84111 FORMER COMPANY: FORMER CONFORMED NAME: ZIONS UTAH BANCORPORATION DATE OF NAME CHANGE: 19870615 FORMER COMPANY: FORMER CONFORMED NAME: ZIONS FIRST NATIONAL INVESTMENT CO DATE OF NAME CHANGE: 19660921 8-K 1 a20170628-ccar.htm 8-K Document


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 28, 2017
ZIONS BANCORPORATION
(Exact name of registrant as specified in its charter)

UTAH
 
001-12307
 
87-0227400
(State of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
ONE SOUTH MAIN SALT LAKE CITY, UTAH
 
84133
 
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code 801-844-7637

N/A
 
(Former name or former address, if changed since last report.)
 
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))
 
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) of Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company q
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. q







ITEM 8.01    Other Events

On June 28, 2017, Zions Bancorporation (the "Company") issued a press release regarding the Federal Reserve's 2017 Capital Plan Review. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.


ITEM 9.01    Financial Statements and Exhibits

(d)    Exhibits
The following exhibit is furnished as a part of this current report on Form 8-K:

Exhibit 99.1 - Zions Bancorporation press release dated June 28, 2017.











SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
ZIONS BANCORPORATION
 
 
 
Date: June 28, 2017
By:
/s/ THOMAS E. LAURSEN
 
 
Name:    Thomas E. Laursen
 
 
Title:       Executive Vice President and General Counsel   
 
 
 
 



 EX-99.1 2 a20170628-exhibitxccar.htm EXHIBIT 99.1 Exhibit



ZIONS BANCORPORATION
P r e s s R e l e a s e


***FOR IMMEDIATE RELEASE***


FOR: ZIONS BANCORPORATION                
One South Main Street                        
Salt Lake City, Utah                            
Harris H. Simmons
Chairman/Chief Executive Officer
Contact: James Abbott, Director of Investor Relations
Tel: 801-844-7637



FEDERAL RESERVE DOES NOT OBJECT TO
ZIONS BANCORPORATION 2017 CAPITAL PLAN

SALT LAKE CITY, June 28, 2017 -- The Board of Governors of the Federal Reserve System has notified Zions Bancorporation (NASDAQ: ZION) that the Federal Reserve does not object to Zions Bancorporation's board-approved 2017 capital plan, as submitted to the Federal Reserve on April 5, 2017.
Zions' capital plan for the period spanning July 1, 2017 through June 30, 2018 includes the following capital actions:

•
Increasing the common dividend to $0.24 per share by Q2 2018, following the path of:

•
$0.12 per share in Q3 2017

•
$0.16 per share in Q4 2017

•
$0.20 per share in Q1 2018

•
$0.24 per share in Q2 2018

•
The schedule above is indicative of approximately $140 million in total common dividends over the four-quarter period.
•

•
Up to $465 million of common stock redemption.

Capital actions are subject to final approval by Zions Bancorporation's board of directors, and may be influenced by, among other things, actual earnings performance and prevailing economic conditions.
Zions Bancorporation is one of the nation's premier financial services companies with total assets exceeding $65 billion. Zions operates under local management teams and distinct 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 www.zionsbancorp.com.

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