Zions Bancorp. said late Wednesday that it has completed its purchase of Regency Bancorp, of Fresno, Calif. The $230 million-asset bank, which has four branches in and around Fresno, will be folded into California Bank and Trust, Zions' California subsidiary.

"Regency will be a great beachhead from which to grow our presence in the Central Valley," said Robert Sarver, president and chief executive of Oakland-based California Bank & Trust.

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