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Company NameZions Bancorporation
Offering TypePreferred Equity
DescriptionDepository shares representing 1/40th share of variable rate series E non-cumulative perpetual preferred stock
ISINUS9897018753
Currency of IssueUSD
Trading Symbol (Exchange)ZB.ECL (NYSE)
 
Announcement Date6/8/2010
Trade Date6/10/2010
Settlement Date6/15/2010
Completion Date6/10/2010
Overallotment Expiration7/15/2010
Lock-up Expiration7/10/2010
Date Overallotment Exercised6/18/2010
Shelf Filing Date3/31/2009
 
144a?No
Mandatory Redemption?No
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be used for general corporate purposes. Pending net proceeds will be used to invest in interest-bearing investment grade securities.

Pricing
Offer Price ($)25.00
Gross Amount Offered ($000)125,000
Amount Including Overallotment ($000)142,500.00
Shares Offered5,000,000
Total Shares Offered5,700,000

Overallotments
Overallotment Amount Available ($000)18,750
Overallotment Shares Available750,000
Overallotment Amount Exercised ($000)17,500
Overallotment Shares Exercised700,000

Current Security RatingsCurrent Issuer Ratings

Underwriting Fees
Gross Spread ($)0.79
Gross Spread (%)3.15
Sales Concession ($)0.50
Reallowance ($)0.45

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Deutsche Bank Securities Inc.843,50021,088
  J.P. Morgan Securities LLC843,50021,088
  Macquarie Capital (USA) Inc.843,50021,087
  UBS Securities LLC843,50021,087
  Zions Direct, Inc.413,00010,325
Senior Co-manager(s)
  Jefferies LLC413,00010,325
Co-Manager(s)
  B. Riley FBR, Inc.200,0005,000
  BB&T Capital Markets200,0005,000
  D.A. Davidson & Co.200,0005,000
  Morgan Keegan & Company, LLC200,0005,000

Professionals
Issuer's CounselCallister, Nebeker & McCullough
Underwriter's CounselCleary Gottlieb Steen & Hamilton LLP
Auditor(s)Ernst & Young LLP
Clearing House(s)Depository Trust Company

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