SALT LAKE CITY, April 29 /PRNewswire-FirstCall/ -- Zions Bancorporation
(Nasdaq: ZION) ("Zions") today announced that it has called for redemption on
May 13, 2004 all of its Senior Floating Rate Medium-Term Notes due
May 13, 2005, at a redemption price of 100 percent of the aggregate principal
amount thereof. Any accrued and unpaid interest, to but excluding
May 13, 2004, will be paid separately.
The interest rate on these floating rate notes resets quarterly at three-
month LIBOR plus 50 basis points. The current interest rate is 1.63 percent.
The regular quarterly interest to be paid on May 13, 2004 will be paid in the
normal manner to record holders as of May 1, 2004. These notes were issued on
May 13, 2003. The CUSIP is 98970EAD1. The notes are listed on the New York
Stock Exchange under the stock symbol "ZB M05."
Persons with questions regarding the call of these notes should contact
Zions First National Bank, the issuing and paying agent, at 10 East South
Temple Street, Suite 300, Salt Lake City, Utah 84111, telephone 801-524-4696,
fax 801-524-4838.
Zions Bancorporation is one of the nation's premier financial services
companies, consisting of a collection of great banks in select high growth
markets. Under local management teams and community identities, Zions operates
over 400 full-service banking offices in Arizona, California, Colorado, Idaho,
Nevada, New Mexico, Utah and Washington. In addition, Zions is a national
leader in SBA lending, public finance advisory services, agricultural finance
and electronic bond trading. The company is included in the S&P 500 Index.
Investor information and links to subsidiary banks can be accessed at
www.zionsbancorporation.com .
SOURCE Zions Bancorporation
-0- 04/29/2004
/CONTACT: Clark Hinckley of Zions Bancorporation, +1-801-524-4787/
/Web site: http://www.zionsbancorporation.com /
(ZION)
CO: Zions Bancorporation
ST: Utah
IN: FIN
SU:
MS
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9578 04/29/200411:38 EDThttp://www.prnewswire.com