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Zions Bancorporation Named 504 Regional Bank Lender of the Year | New

SALT LAKE CITY–(BUSINESS WIRE)–Nov 10, 2022–

Zions Bancorporation (NASDAQ: ZION) ranked second in the United States for the number of 504 loans granted to third parties by the United States Small Business Administration (SBA) in fiscal year 2022.

Zions Bancorporation, through its affiliate banks and branches in 11 western states and its national real estate division, provided $189.6 million in third-party approvals for 185 loans across the country.

For its lending achievements, Zions Bancorporation was named 2022 Regional Bank 504 Lender of the Year, the National Association of Development Corporations (NADCO) announced on October 27. Zions Bancorporation National Real Estate Division will be honored with a 504 Community Impact Award on November 16, 2022.

“Zions’ partnership is absolutely essential to advancing the mission of the SBA 504 program,” said Rhonda Pointon, President and CEO of NADCO. “Their commitment and dedication help small business owners across the country access the capital they need to succeed and make a positive impact in their communities.

Zions National Real Estate Division uses referral sources from more than 300 banks and other lenders to originate or purchase commercial real estate loans – including SBA 504 loans – that may be outside of their parameters or lending capacity. The division has 7 experienced business development officers, with offices in Atlanta, Dallas, Los Angeles, Brooklyn, NY, Seattle, Salt Lake City and Reno.

“In the early 1990s, Zions Bank’s national real estate department became a pioneer in lending through local banks nationwide,” said Zions Bancorporation President and CEO Harris H. Simmons. “Today, we are proud to be one of the nation’s leading small business commercial real estate lenders.”

SBA 504 loans are made by participating banks and their Certified Development Company partners. Loans are intended to finance the purchase of fixed assets, usually real estate, buildings and machinery.

Zions Bancorporation, NA is one of the nation’s leading financial services companies with annualized net sales of $3.0 billion in 2022 (through September 30, 2022) and total assets of over $85 billion of dollars. Zions operates under local management teams and separate brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Bank is a regular recipient of national and statewide client survey awards in small and medium business banking, as well as a leader in public finance advisory services and small business loans. Additionally, Zions is listed on the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be found at zionsbancorporation.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221110005843/en/

CONTACT: James Abbott

Investor Relations Director

Tel: (801) 844-7637

KEYWORD: UTAH UNITED STATES NORTH AMERICA

SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Zions Bancorporation

Copyright BusinessWire 2022.

PUBLISHED: 10/11/2022 11:20 AM/DISC: 10/11/2022 11:21 AM

http://www.businesswire.com/news/home/20221110005843/en

Copyright BusinessWire 2022.

Mary Cashion

The author Mary Cashion