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A slump in Zions Bancorp.'s noninterest income caused the Salt Lake City company to report lower quarterly earnings.
April 20 - Utah
Zions Bancorp. in Salt Lake City has hired a SunTrust Banks executive to replace Doyle Arnold, who is retiring in May as chief financial officer.
March 20 -
SALT LAKE CITY - Disappointing earnings. Restructuring charges. Layoffs.
April 14 -
Zions Bancorp. of Salt Lake City has made chief financial officer Doyle L. Arnold its vice chairman as well and given him wider duties.
February 17
In between discussions of regulatory expenses and concerns regarding energy-related loans, executives at Zions Bancorp. used a quarterly conference call to bid a public farewell to longtime Chief Financial Officer Doyle Arnold.
Arnold, who has been CFO at the $57.6 billion-asset company for more than a decade, will be retiring soon and Monday's earnings call was his last. Management and analysts alike took time to give him a proper send-off and poke a little fun.
Arnold has "been a great part of the team and a great friend, and we're really going to miss" him, Harris Simmons, Zions' chief executive and chairman, said during the call. "And [we] wish him the very best as he works on his golf game among other things. It needs a lot of work."
Erika Najarian, an analyst with Bank of America Merrill Lynch, joined in the joking by prefacing her question with, "Doyle, good luck in lowering that handicap."
Arnold took over as CFO in
Despite the jovial nature of the farewell, it still seemed bittersweet for Arnold, who became obviously emotional while saying goodbye.
"I'm honored to have been at Zions, excuse me, kind of choking up here," Arnold said during the call. "Plenty of work ahead, but I'm pleased I'm leaving Zions in pretty good shape."
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