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M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Zions Bancorporation
Actual Acquirer: Zions First NB
Target: 32 Branches
Deal Type: Bank & Thrift Branch
Seller: Wells Fargo & Company
Agreement Date3/7/1997
Announcement Date3/7/1997
Number of Target Branches32
Branch Locations Arizona (11), AZ
Idaho (10), ID
Nevada (5), NV
Utah (6), UT

Franchise Premium ($000)33,935
Tangible Book Premium/ Deposits (%)6.17
Completion Date7/18/1997
Deal Terms
Description of Consideration
Deposits ($000)550,000
Total Assets ($000)516,065
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesDuane Morris LLP
SellerYesBingham McCutchen LLP

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