Zions Bancorporation Signs Agreement to Acquire Van Der Moolen UK Bonds
January 07 2004 - 6:00AM
PR Newswire (US)
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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