NEW YORK -- Discount Corporation of New York shareholders approved a plan in which the company would be acquired by a unit of Zions Bancorp.

The approved plan calls for each Discount Corp. holder to receive $8 a share, for a total of $65 million. Zions will also assume certain obligations.

About three-quarters of the nearly 8.2 million shareholders approved the agreement. During the meeting, some longtime shareholders and former employees expressed anger and frustration at management.

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