齐昂银行 · Vinony

齐昂银行 · Vinony

Our goal is to create value. Value for our customers. Value for the communities we serve. Value for our employees. And, most importantly, value for our shareholders. Creating shareholder value must be a preeminent objective, since the support of our owners, whose capital has been entrusted to us, is essential to our very existence as an independent enterprise. The creation of enduring shareholder value requires that we achieve consistently superior risk-adjusted returns on capital, and that we achieve healthy, strong earnings growth. Through its various subsidiaries, the Salt Lake City-based Zions Bancorporation provides a full range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Washington. Its primary holding, Zions First National Bank, operates 150 branch offices, 214 ATM's, and has assets of $8.5 billion. All together, Zions' collection of banks has over 400 branch offices. The company has grown quickly since the early 1990s by acquiring other banks and expanding existing operations. In 1960, a group of investors, the chief of which was Keystone, purchased a controlling share of Zions First National Bank. A holding company, Zions First National Investment Co., was incorporated in Nevada to own the bank. The holding company's name was changed to Zions Utah Bancorporation in 1965. The holding company went public in 1966 when existing stockholders sold their shares. In 1971, Zions Utah Bancorporation merged into Keystone, with Keystone becoming the surviving company. Keystone subsequently changed its name to Zions Utah Bancorporation. Zions chief holding, Zions First National Bank, was a leading local bank in Salt Lake City. Prior to the buyout by Keystone and its associates, the bank was principally owned by the Latter-day Saints Church. Renowned Mormon leader Brigham Young had started the bank in 1873 to serve the church and local community. Throughout the late 1800s and through the mid-1900s, Zions had close ties to the Mormon Church, taking deposits from, and providing loans to, church members as well as handling many of the church's financial transactions. The group of investors that bought out the church's ownership interest in First National in 1960 was headed by Roy W. Simmons. Simmons was a Mormon with a strong banking background. Both his father and grandfather had worked in banking and had served as officers of the competing First National Bank of Layton, near Salt Lake City. Under Simmons's direction, First National prospered during the 1960s and 1970s. Besides emphasizing its core Salt Lake City market, the bank expanded into rural Utah and eventually amassed a regional network of branches throughout the northern part of the state. By the 1980s, First National had cemented a position as the second largest banking organization in the state of Utah, earning Simmons a reputation as a savvy banker and businessman. "Roy has an uncanny knack for figures and sizing up a situation," Lawrence Adler, president of the Utah Bankers Association, told Knight-Ridder/Tribune Business News, adding, "He's a banker from the old school." In addition to running one of the region's most successful banks during the 1960s and 1970s, Simmons successfully helped raise his family, sending four sons to Harvard. One of his sons, Harris, would follow in the footsteps of the three generations before him. Harris Simmons was born in 1955, about five years before his father lead the buyout of First National and assumed leadership of the bank. He began his banking career at age 16 as a teller filing canceled checks. When he returned from Harvard, he went to work with First National and was named assistant vice-president at Zions Utah Bancorporation in 1981. Although Zions achieved steady gains during the 1960s and 1970s, it was during the 1980s that the bank would realize its heady expansion. Zions' success was due in part to management strategies and in part to trends in the banking i