Zions names former Ally Bank CEO to its board

Zions Bancorp. in Salt Lake City has appointed Barbara Yastine, a former head of Ally Bank, to its board of directors.

Yastine served as CEO of the $123 billion-asset banking unit of Ally Financial in Detroit for just over three years, before stepping down in June 2015. She was previously Ally’s chief administrative officer, and before that she held senior-level roles at Southgate Alternative Investments and Credit Suisse.

"We are delighted to welcome Barbara Yastine to our board of directors," Harris H. Simmons, CEO and chairman of the $63 billion-asset Zions, said in a press release Tuesday. "She brings extensive experience in retail banking, risk and financial management, and technology that will be highly valuable to Zions Bancorp. as we continue to build a strong foundation for future growth."

Yastine also serves on the board of Primerica in Duluth, Ga., and First Data Corp. in Atlanta.

Before stepping down as CEO at Ally, she was named several times as one of American Banker's Most Powerful Women in Banking.