|
|
News Breaks | | | | September 26, 2012 | | 12:00 EDT |  | ZION | Zions Bancorp redeems its remaining $700M of TARP
Zions Bancorporation announced that it has redeemed its remaining $700M Series D preferred stock, more commonly referred to as TARP funds. The shares were redeemed at their full face value; in addition, Zions has paid to the U.S. Treasury a cumulative total of $253M in dividends on its investment in Zions from November 2008 through today. The redemption of the preferred shares will result in a one-time dividend expense of $16.6M related to the TARP warrants, which will be booked in the quarter ended September 30, 2012. Assuming no further subordinated debt conversions, beginning in the 4Q12, Zions' quarterly preferred dividend expense is expected to be approximately $23M, compared to $37M recorded in the 2Q12 results. | |
|
News For ZION From The Last 14 Days Check below for free stories on ZION the last two weeks. |
|
|
| May 21, 2013 | | 07:26 EDT |  | ZION | Barclays to host a conference
 Subscribe for More Information | | | May 20, 2013 | | 07:24 EDT | | ZION | SunTrust to host a conference
Subscribe for More Information | | | May 16, 2013 | | 08:33 EDT | | ZION | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | May 14, 2013 | | 13:20 EDT | | ZION | Zions Bancorp management to meet with SunTrust
Group dinner to be held in New York on May 20 hosted by SunTrust. | |
|
|
|
|
|
|
