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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported) December 26, 1996
ZIONS BANCORPORATION
(Exact name of registrant as specified in its charter)
UTAH 0-2610 87-0227400
(State of (Commission File Number) (IRS Employer
incorporation) Identification No.)
1380 Kennecott Building, Salt Lake City, Utah 84133
(Address of principal executive offices) (Zip Code)
(801) 524-4787
(Registrant's telephone number,
including area code)
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
On December 26, 1996, the Registrant, Zions Bancorporation, announced
that Zions Institutional Capital Trust A, a subsidiary of Zions First
National Bank created as a Delaware statutory business trust, issued
$200 million of 8.536% trust preferred securities, commonly known as
"QUIPS," in a private sale. The securities have not been registered
under the Securities Exchange Act and may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements.
The securities pay interest semiannually and mature on December 15,
2026. The proceeds from the sale will be used to acquire junior
subordinated debentures of the Bank. The Bank will use the funds for
general corporate purposes.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly authorized.
ZIONS BANCORPORATION
By /s/ Dale M. Gibbons
--------------------------------
Name: Dale M. Gibbons
Title: Senior Vice President
and Chief Financial Officer
Date: December 26, 1996
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