Zions Bancorp said late Tuesday that it is buying Regency Bancorp of Fresno for roughly $53 million of stock.

The deal would extend Zions' presence in California's Central Valley. It is scheduled to close in the third quarter.

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.