SALT LAKE CITY — Zions Bancorporation announced today that it has successfully issued $250 million of new common stock. Zions issued 7,194,079 shares at an average price of $34.75 per share. The registered sales took place through the previously announced ATM Equity Offering(SM) Sales Agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
"We are pleased to have been able to issue these shares at a price significantly higher than the average daily closing price of $30.91 for the week prior to announcing this issuance," said chairman and CEO Harris Simmons. "We believe this successful transaction is unique among regional banks in the current market environment."
