Amendments to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics.

(b) >On March 29, 2017, the Board of Directors (the “Board”) of Zions Bancorporation (the “Company”) granted a waiver to the Company’s Code of Business Conduct and Ethics (the “Code”) that had been requested by Harris Simmons, the Chief Executive Officer and Chairman of the Company. The waiver allows Mr. Simmons to invest in a commercial real estate development entity in Houston, Texas that is being formed by a former chairman of Amegy Bank who continues to be employed by the Company’s wholly-owned subsidiary on a part-time basis.

Mr. Simmons requested the waiver because of the possible applicability of Sections 3.3 and 3.9 of the Code, which prohibit employees from making loans to or investments in prospective customers or other employees. In his request, Mr. Simmons noted that the Company will not lend to or invest in the entity, and the Company will prohibit overdrafts with respect to any deposit accounts that the entity elects to have with the Company. The Board found the waiver to be consistent with Section 6.1 of the Code, which allows waivers that involve immaterial variations from the Code or which are within the spirit of the Code. J. David Heaney, a director of the Company; Scott McLean, President and Chief Operating Officer of the Company; Steve Stephens, Executive Vice President of the Company and Chief Executive Officer of the Company’s subsidiary, ZB, National Association-Amegy Bank; and three other non-executive officers of the Company or its subsidiaries also plan to invest in the entity and received waivers where applicable.

About ZIONS BANCORPORATION (NASDAQ:ZION)

Zions Bancorporation is a financial holding company. The Company operates through seven segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. It focuses on providing community banking services and its core business lines are small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities. It also provides personal banking services, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit, safe deposit facilities, direct deposit, and Internet and mobile banking.

ZIONS BANCORPORATION (NASDAQ:ZION) Recent Trading Information

ZIONS BANCORPORATION (NASDAQ:ZION) closed its last trading session down -0.11 at 41.66 with 2,539,601 shares trading hands.