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Zions Bancorp. (ZION) posted lower fourth-quarter earnings after taking a big charge on its holdings of collateralized debt obligations.
January 28 -
James Abbott, recently named the best investor relations professional for mid-cap banks, understands what analysts need to know about Zions because he used to be one of them.
February 1
Zions Bancorp's (ZION) chief credit officer will step down this spring.
The Salt Lake City company said Thursday that Ken Peterson will retire in April at the end of his three-year contract.
Peterson joined Zions in May 2010 from Wells Fargo (WFC), where he served in a series of credit management and sales-related posts over the course of 28 years.
"Ken was hired to strengthen the company's overall credit organization, to reformulate credit policies and to position Zions for healthy future growth in a changing regulatory environment," Harris Simmons, Zions' chief executive, said in a press release.
Peterson and his team had "achieved these objectives in addition to establishing a credit-concentration-risk framework, bringing consistency to credit training, strengthening underwriting oversight of larger credits and implementing new technologies to support these efforts."
Zions, which has assets of $50 billion, recently took steps to strengthen its balance sheet. It
