Zions Bancorp. has purchased the former Atlanta home of its chief financial officer, Paul Burdiss, for about $1.7 million.
The Salt Lake City company obtained approval from its board's compensation committee to purchase the house, according to a regulatory filing. The $60 billion-asset Zions also paid closing costs on the transaction, which closed Jan. 22.
Zions bought the home "for internal operations purposes and to assist Mr. Burdiss with his family's relocation in connection with his appointment" as CFO, the filing said. It plans to market and resell the home and will bear any gain or loss associated with its sale.
- Utah
Zions Bancorp. in Salt Lake City has hired a SunTrust Banks executive to replace Doyle Arnold, who is retiring in May as chief financial officer.
March 20 -
Kevin Thompson, who had been selected for the post in November, notified the $6 billion-asset company that he will remain at Zions Bancorp. in Salt Lake City to be near members of his immediate family who were involved an accident shortly after he accepted the WSFS post.
January 27 -
Patriot National Bancorp in Stamford, Conn., said that its chief financial officer resigned this week and that it has hired a former Connecticut community bank executive to replace her.
January 8
Before joining Zions, Burdiss was corporate treasurer at the $191 billion-asset SunTrust Banks in Atlanta. He also previously worked at Comerica. He
