On July 10, 1873, Zion's Savings Bank and Trust Company was incorporated under the laws of the Utah Territory under the direction of Brigham Young, becoming Utah's first chartered savings bank and trust company. During its first day of business on October 1, 1873, the bank's cashier and tellers recorded deposits of $5,876.20. The bank prospered and grew, surviving its only major threat – the depression caused by the stock market crash of 1929.
A major event happened on December 31, 1957. Zion's Savings Bank and Trust Company (1873), Utah Savings and Trust Company (1889) and First National Bank of Salt Lake City (1890) merged to form Zions First National Bank. The newly enlarged institution had a total of $109.5 million in deposits. At this time, the long-familiar apostrophe in Zion's was dropped.
In early 1960, authorities of the Church of Jesus Christ of Latter-day Saints decided to divest itself of its banking interests, and on April 22, 1960, the Church sold majority control of Zions First National Bank to Keystone Insurance and Investment Company. Keystone was owned by a group of businessmen headed by Leland B. Flint, Roy W. Simmons and Judson S. Sayre. At the time of the sale, the Bank had total deposits of just under $120 million.
On February 17, 1961, Zions First National Investment Company was incorporated in Nevada and became the majority owner of the bank stock controlled by the Keystone group. In 1965, the name of the investment company was changed to Zions Bancorporation.
Today, Zions Bancorporation operates full-service banking offices in ten Western states – Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. Zions Bank operates 114 full-service branches throughout Utah, 24 full-service branches in Idaho, and nearly 200 ATMs in the two states. In addition to a wide range of traditional banking services, Zions offers a comprehensive array of investment and mortgage services, and has a network of loan origination offices for small businesses nationwide. The company is also a leader in providing electronic banking services, including electronic municipal bond trading. Founded in 1873, Zions has been serving the communities of the Intermountain West for more than 130 years.
From the vision of founder Brigham Young to the reality of one of the nation's most impressive banking organizations, Zions continues to be a pioneer in banking.
1590 Yellowstone Avenue
Pocatello, ID 83201