Zions Bancorporation is a regional bank headquartered in Salt Lake City, Utah, operating across 11 Western states through a network of 407 branches and seven separately branded affiliate banks — including Zions Bank, California Bank & Trust, and Amegy Bank. With roughly $89B in total assets, Zions focuses primarily on lending and deposit-taking for small- and medium-sized businesses. On the lending side, Zions offers C&I loans, owner-occupied real estate loans, CRE loans, SBA loans, and consumer loans. Zions makes money primarily through net interest income — the spread between interest earned on loans and securities and interest paid on deposits. A key structural advantage is Zions' historically high proportion of noninterest-bearing deposits, which represent a low-cost funding source that widens margins. Zions uses a decentralized model where each affiliate bank operates under its own brand and management team, with locally informed credit and pricing decisions — a deliberate strategy to better serve SMB customers. Beyond core banking, Zions runs a growing capital markets business under the Zions Capital Markets brand, offering loan syndication, interest rate swaps, FX, investment banking advisory, and M&A advisory for middle-market clients. Zions also provides wealth management and mortgage origination. Growth initiatives include expanding SBA lending, a new mass-affluent consumer deposit account, continued capital markets buildout, and banker hiring — particularly in California. Zions recently completed a multi-year core banking system migration to TCS BaNCS, which management argues enables AI-driven automation and simplifies future M&A integration.