Zions Bancorp announces CEO to retire; Julie G. Castle to replace Zions Bancorporation announced the upcoming retirement of George M. Feiger, Chief Executive Officer of Contango Capital Advisors, Inc. – a wholly owned wealth management subsidiary of Zions – and his succession by Julie G. Castle, who currently serves as Contango's Chief Operating Officer. The change will become effective June 3, 2013. Mr. Feiger has accepted an appointment as Dean of Aston Business School at Aston University in Birmingham, England. His service there will commence upon his retirement from Contango and Zions.
Zions Bancorp reports Q3 EPS 40c, consensus 44c The estimated Tier 1 common equity ratio increased to 11.88% at September 30. Net loans and leases held for investment increased $110M to $39.7B. The allowance for credit losses was $690M. Tangible book value per share for Q3 was $26.00.