CALIFORNIA BANK & TRUST TO ACQUIRE FIRSTBANK COACHELLA VALLEY, CA BRANCHES [Yahoo! Finance]
Zions Bancorporation N.A. (ZION)
Last zions bancorporation n.a. earnings: 4/20 04:10 pm
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Source: Yahoo! Finance
SAN DIEGO Sept. 23, 2024 /PRNewswire/ -- California Bank & Trust (CB&T), a division of Zions Bancorporation, N.A., announced today that it has entered into an agreement to acquire four branch locations in Palm Desert and Indio from FirstBank, headquartered in Lakewood, Colorado . Under the agreement, California Bank & Trust will acquire approximately $730 million in deposits and $420 million in loans. Upon completion, the branch acquisition will expand CB&T's physical presence in Coachella Valley to a total of six locations and will add approximately 15,000 new customers, resulting in a combined 7% market share in Coachella Valley. As part of the agreement, CB&T will welcome the California -based FirstBank employees to its existing team of more than 900 associates. "This transaction provides us a team of accomplished banking professionals, four attractive and well-located branches, a sizable customer base and a great deposit franchise," said CB&T President and CEO Eric Ellingsen .
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News
- Zions Bancorporation, National Association (NASDAQ:ZION) is favoured by institutional owners who hold 79% of the company [Yahoo! Finance]Yahoo! Finance
- CALIFORNIA BANK & TRUST TO ACQUIRE FIRSTBANK COACHELLA VALLEY, CA BRANCHESPR Newswire
- Zions Bancorporation, National Association (NASDAQ: ZION) was upgraded by analysts at Wolfe Research to a "hold" rating.MarketBeat
- Zions Bancorporation, National Association (NASDAQ: ZION) had its price target lowered by analysts at Truist Financial Co. from $54.00 to $52.00. They now have a "hold" rating on the stock.MarketBeat
- Zions Bancorporation, National Association (NASDAQ: ZION) had its price target lowered by analysts at Jefferies Financial Group Inc. from $51.00 to $49.00. They now have a "hold" rating on the stock.MarketBeat
ZION
Earnings
- 7/22/24 - Beat
ZION
Sec Filings
- 9/5/24 - Form N-PX
- 8/8/24 - Form 13F-HR
- 7/30/24 - Form 4
- ZION's page on the SEC website