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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.