ZIONS BANCORPORATION (NASDAQ:ZION) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On April 10, 2017, Patricia Frobes, a member of the Board of Directors (the “Board”) of Zions Bancorporation (the “Company”) since 2003, notified the Company of her decision to retire from the Board at the end of her current term which expires on June 2, 2017, the date of the Company’s next annual meeting of shareholders (the “Annual Meeting”). As a result, Ms. Frobes is not standing for reelection at the Annual Meeting. Ms. Frobes has served as the Company’s independent Lead Director since 2014 and will continue in that capacity until the earlier to occur of the Annual Meeting or the date upon which the independent directors of the Board select a new Lead Director to succeed Ms. Frobes in accordance with the Board’s standard governance practices.

(d) Effective on April 10, 2017, the Board elected Barbara A. Yastine to serve as a director of the Company. Ms. Yastine will hold office until the Company’s Annual Meeting, when she will stand for reelection to the Board.

Ms. Yastine, 57, served as a director and Co-CEO of privately-held Lebenthal Holdings, LLC from September 2015 to June 2016. Ms. Yastine previously served as Chair, President and CEO of Ally Bank from March 2012 to June 2015. From May 2010 to March 2012, she served as either Chair or Executive Chair of Ally Bank and Chief Administrative Officer of Ally Financial, overseeing the risk, compliance, legal and technology areas. Prior to joining Ally Financial, she served in various capacities in the financial industry, including with Credit Suisse First Boston and Citigroup and its predecessor companies. Ms. Yastine is a member of the Boards of Directors of Primerica, Inc., where she chairs the compensation committee, and of First Data Corp., where she chairs the audit committee.

>> There are no arrangements or understandings between Ms. Yastine and any other person in connection with her election to the Board. Other than by virtue of her directorship, Ms. Yastine has no direct or indirect material interest in any transaction in which the Company is a participant. As a non-employee director, Ms. Yastine will receive cash compensation and will participate in the Company’s director stock program. Further information about non-employee director compensation is included in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on April 14, 2016.

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 up +0.01 at 40.94 with 2,931,635 shares trading hands.