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Regional banks have been adding some serious firepower to their boards lately.
August 26 -
Zions Bancorp. in Salt Lake City is planning to raise $525 million in fresh capital to satisfy regulators' concerns about its ability to withstand a severe economic downturn.
July 28 -
Zions Bancorp. in Salt Lake City reported a spike in quarterly earnings after posting a larger credit to its loan-loss provision and reducing noninterest expenses.
July 21 -
Management is in the process of putting together a new capital plan designed to reduce the Salt Lake City company's risk profile while empowering lenders to do their jobs.
April 22
Zions Bancorp. in Salt Lake City added a banking veteran to its board.
The $55 billion-asset company said in a press release Friday that John Erickson had joined its board. Erickson was vice chairman and chief corporate banking officer at Union Bank from 2009 to 2013. He was Union's chief risk officer from 2008 to 2009.
Overall, Erickson spent 30 years at Union before announcing his retirement in July 2013; he left the company in June.
Erickson's "deep commercial banking experience will be valuable as Zions strives to achieve strong, organic revenue growth," Harris Simmons, Zions' chairman and chief executive, said in the release. "Additionally, his risk management experience will further strengthen our board's expertise in this critical area as we further refine our risk management practices in an environment of intensified regulatory and market expectations."
Zions also
Zions operates in 11 western and southwestern states, including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.
