Zions Bancorporation N.A ZION

Zions Bancorporation, National Association, incorporated on April 25, 1955, is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other. The Company provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

The Company focuses on providing community banking services through its business lines, including small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities. The Company provides a range of commercial and retail banking and mortgage lending products and services.

The Company provides a range of personal banking services to individuals, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, direct deposit, and Internet and mobile banking. In addition, the Company provides services to market segments through its Private Client Services and Executive Banking Groups. It also offers brokerage services through Zions Direct and also offers personalized wealth management and investment services. The Company provides finance advisory and corporate trust services for municipalities. The Company also provides trust services to individuals in its wealth management business and bond transfer, stock transfer, and escrow services in its corporate trust business.

Zions Bank conducts its operations in Utah, Idaho, and Wyoming. California Bank & Trust provides commercial, real estate and consumer lending, depository services, international banking, cash management and community development services. As of December 31, 2016, Zions Bank operated 98 branches in Utah, 23 branches in Idaho, and one branch in Wyoming; CB&T operated 93 branches in California; Amegy operated 74 branches in Texas. NBAZ operated 58 branches in Arizona; NSB operated 50 branches in Nevada; Vectra operated 36 branches in Colorado and one branch in New Mexico, and TCBW operated a branch in Washington and a branch in Oregon.

Lending Activities

The Company's loans include commercial and industrial loans, Commercial owner-occupied loans, commercial real estate loans, one-to four-family residential loans and home equity credit line loans. As of December 31, 2016, net loans and leases were $42.6 billion.

Investing Activities

The investing activities include securities available for sale and securities held-to-maturity. Other non-interest bearing investments include bank-owned life insurance, Federal Home Loan Bank stock, Federal Reserve stock, small business investment companies (SBIC) investments, Non-SBIC investment funds and FARMAC stock. As of December 31, 2016, the total securities were $0.89 billion.

Deposits

The Company's deposits include interest-bearing deposits and noninterest-bearing deposits. Interest bearing deposits include saving and money market, time and foreign deposits. It also includes borrowed funds, including federal funds purchased and other short-term borrowings. As of December 31, 2016, the total deposits were $53.2 billion.