PreferredStockChannel
Zions Bancorporation, N.A. | Zion's Capital Trust B 8.00% Capital Securities (ZB.PRB)

This preferred is marked as having been called.
Prospectus excerpt:   If you purchase the capital securities, as an undivided beneficial owner in the junior subordinated debentures, you will be entitled to receive cumulative cash distributions at an annual rate of 8.00%. Interest on the junior subordinated debentures will accrue, and as a result distributions on the capital securities will accumulate, from the date of issuance, and will be paid quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, beginning December 1, 2002, unless they are deferred as described below.

Zions Capital Trust B will redeem all of the outstanding capital securities when the junior subordinated debentures are repaid at maturity. The junior subordinated debentures are scheduled to mature on September 1, 2032.

In addition, if we redeem any junior subordinated debentures before their maturity, Zions Capital Trust B will use the cash it receives on the redemption of the junior subordinated debentures to redeem, on a proportionate basis, the capital securities and the common securities. We can redeem the junior subordinated debentures before their maturity at 100% of their principal amount plus accrued and unpaid interest in whole or in part on one or more occasions any time on or after September 1, 2007, or in whole at any time following the occurrence of certain changes in tax laws and regulations or in the treatment of the capital securities for bank regulatory purposes. These circumstances are more fully described below under the caption "Certain Terms of the Capital Securities¨Redemption or Exchange" on page S-21 in this prospectus supplement. We will not redeem the junior subordinated debentures unless we obtain the prior approval of the Board of Governors of the Federal Reserve System to do so, if then required under the Federal Reserve Board's capital guidelines or policies.

Full Prospectus PDF », ZION Page »

Series:B
Alternate symbology:ZB-B, ZB-PB, ZBprB
Redeemable?:Yes
Call Date:9/1/2007 (Now Trading Post Call Date)
Maturity Date:9/1/2032
Cumulative?:Yes
Shares Offered:10,400,000
Overallotment:1,560,000
Liquidation Preference:$25
Original Coupon:8.00%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn ZB.PRB's Rating
Zions provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Co. provides the following banking products and services: corporate banking; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking; and capital markets products and services.

Preferreds: ZB.PRA, ZB.PRB, ZB.PRC, ZB.PRF, ZB.PRG, ZB.PRH


Open the ZION Information Page »
Name: 
Zions Bancorporation, N.A.
Website: 
www.zionsbancorporation.com
Sector: 
Banking & Savings
Number of ETFs Holding ZION: 
91 (see which ones)
Total Market Value Held by ETFs: 
$1,517,548,113.71
Total Market Capitalization: 
$8,220,000,000
% of Market Cap. Held by ETFs: 
18.46%

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