FSOC Clears Zions’ Plan to Eliminate SIFI Status, Clearing the Way to Shed its Bank Holding Company

FSOC Clears Zions’ Plan to Eliminate SIFI Status, Clearing the Way to Shed its Bank Holding Company


By: V. Gerard Comizio, Nathan S. Brownback

On July 17, 2018, the Financial Stability Oversight Council (“FSOC”) issued a proposed decision that would, if finalized, approve a transaction (the “Transaction”) through which Zions Bancorporation, a bank holding company (“BHC”), would be eliminated through a merger into its national bank subsidiary, Zions Bank, N.A. (“ZB,” and, collectively with Zions Bancorporation, “Zions”), such that ZB would be the surviving entity.

Additional Information
publications-detail.inc