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M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Zions Bancorporation
Actual Acquirer: Zions First National Bank
Target: NA
Seller: RTC
Deal Type: Government Assisted
Type of Govt Assisted Transaction: Purchase/ Assumption
Agreement Date5/25/1990
Announcement Date5/25/1990
Date Placed in Conservatorship2/10/1989
Estimated Cost to Reg Agency ($000)99,200
Cost to Reg Agency/ Deposits (%)64.46
Cost to Reg Agency/ Assets (%)75.27
Assets Sold/ Assets (%)20.86
Deal Summary
Deal Terms
Description of Consideration
Assets Sold in Resolution ($000)27,500
Deposits Transferred ($000)NA
Deposits Liquidated ($000)NA
Premium Paid ($000)1,135
Deal Financials
Total Assets at Assumption ($000)131,800
Total Deposits at Assumption ($000)153,900
Core Deposits at Assumption ($000)139,000

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