ZIONS BANCORPORATION /UT/
10-C, 1994-01-31
NATIONAL COMMERCIAL BANKS
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               SECURITIES AND EXCHANGE COMMISSION 
                      WASHINGTON, DC 20549

                            FORM 10-C

         REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                  INTERDEALER QUOTATION SYSTEM
          FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
                      OR 15d-17 THEREUNDER


                      Zions Bancorporation
         (Exact name of issuer as specified in charter)


       1380 Kennecott Building, Salt Lake City, Utah 84133
            (Address of principal executive offices)


Issuer's telephone number, including area code 801/524-4787
File No. 0-2610



            I. CHANGE IN NUMBER OF SHARES OUTSTANDING


Indicate any change (increase or decrease) of five percent or more in the
number of shares outstanding:

1.  Title of security:  common stock, no par value

2.  Number of shares outstanding before the change:  12,745,959

3.  Number of share outstanding after the change:  14,201,968

4.  Effective date of change:  January 14, 1994

5.  Method of change:  Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock for treasury,
etc.):  merger

Give brief description of transaction merger of National Bancorp of Arizona
Inc. into Zions Bancorporation


                  II. CHANGE IN NAME OF ISSUER


1.  Name prior to change

2.  Name after change

3.  Effective date of charter amendment changing name

4.  Date of shareholder approval of change, if required



Date  January 31, 1994        /s/ Gary L. Anderson
                              Gary L. Anderson
                              Senior Vice President


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