Zions' Arm to Acquire Four FirstBank Branches, Boost Presence

Zions Bancorporation's (ZION) arm, California Bank & Trust (CB&T), has agreed to acquire four branches from California-based FirstBank. Details of Acquisition Pursued by ZION Per the agreement, CB&T will take over roughly $730 million in deposits and$420 million in loans. The deal is anticipated to be completed in the first quarter of 2025, subject to customary approvals. Further, CB&T will offer employment opportunities to California-based FirstBank employees in its existing team of more than 900 associat ...