VDM Van Der Moolen Ads

Zions Bancorporation Signs Agreement to Acquire Van Der Moolen UK Bonds SALT LAKE CITY, Jan. 7 /PRNewswire-FirstCall/ -- Zions Bancorporation ("Zions") today announced that it has signed an agreement to acquire Van der Moolen UK Ltd. ("VDM Bonds"), a subsidiary of Van der Moolen . VDM Bonds is an odd-lot electronic bond trading firm in the UK, similar to Zions' electronic bond trading operation in the United States. The acquisition of VDM Bonds, which is being done at book value, is expected to increase Zions' daily electronic bond trading volume by approximately 20 percent. The transaction is subject to approval by U.S. and U.K. regulatory authorities, and closing is anticipated in the late first quarter of 2004. To see Zions' electronic bond prices go to http://www.govrate.com/ . These prices are also available on Bloomberg at: Zions "go." Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of great banks in select high growth markets. Under local management teams and community identities, Zions operates over 400 full-service banking offices in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah and Washington. In addition, Zions is a national leader in SBA lending, public finance advisory services, agricultural finance and electronic bond trading. The company is included in the S&P 500 Index. Investor information and links to subsidiary banks can be accessed at http://www.zionsbancorporation.com/ . DATASOURCE: Zions Bancorporation CONTACT: Clark Hinckley of Zions Bancorporation, +1-801-524-4787 Web site: http://www.govrate.com/ Web site: http://www.zionsbancorporation.com/

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