Zions Bancorp. announced a takeover deal this week and said shareholders have approved another one announced earlier.

Zions said it has an agreement to buy FP Bancorp of Escondido, Calif., for about $90 million in stock-or about three times its book value. It also said that the acquisition of Vectra Banking Corp. of Denver had been approved by Vectra shareholders.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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