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Zions Bancorp. (ZION) in Salt Lake City reported a quarterly loss after recording charges tied to its portfolio of collateralized-debt obligations.
January 27 -
Zions Bancorp (ZION) said the Volcker Rule will force it to take a $387 million charge on its portfolio of collateralized debt obligations.
December 16 -
The Salt Lake City company has long lagged in mortgages, and now is the time to get more aggressive as big rivals pull back and small competitors struggle with qualified-mortgage rules, CEO Harris Simmons says.
October 23
Zions Bancorp. (ZIONS) in Salt Lake City has named Scott McLean as its new president.
McLean has served for the past four years as chief executive of Amegy Bank, a Zions subsidiary in Houston, Texas, according to the company's press release Tuesday. He was president of Amegy from 2003 to 2009. Before that, he held a variety of executive roles at JPMorgan Chase (JPM) and its predecessor, Texas Commerce Bank, over the course of 23 years.
McLean assumes his new position from Harris Simmons, who will remain chairman and chief executive of the $55 billion-asset Zions.
The role of Amegy CEO will be filled by Steven Stephens, who has been president of the bank since 2009. He was executive vice president of Amegy from 1990 to 2009, managing the bank's regional commercial lending activities in addition to other divisions.
McLean "has done an outstanding job of building a great team at Amegy Bank and creating an exceptional franchise," Simmons said in the release. "He has also played a key role in building Zions Bancorp.'s treasury management capabilities a line of business that is recognized nationally for the quality of its products and services. And Steve Stephens, one of Amegy's longest-serving officers, has provided exceptional leadership to the bank for two dozen years."
