Texas Bank Aims to Escape Fate of Rivals Despite McKinsey Musings [BNN Bloomberg (Canada)]
Zions Bancorporation N.A. (ZION)
Last zions bancorporation n.a. earnings: 4/20 04:10 pm
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Source: BNN Bloomberg
“The thing that I laugh at, though, is they had a chart,” said Steve Stephens, the CEO of Amegy Bank, recalling the presentation to the board of its parent company in late 2022. McKinsey's message was that banks such as Amegy could find a lucrative business niche, like the so-called specialty regional banks that it spotlighted in slides, he said. “Well, that was First Republic, Silicon Valley Bank and Signature,” said Stephens, all of which collapsed last year. “It's specialization that got them.” Across the US, thousands of small banks are trying to maintain their attractiveness as Wall Street lenders like Bank of America Corp. and JPMorgan Chase & Co. forge ahead in the tech-driven era of consumer finance. As many small banks continue relying on branches and local lending, their bigger rivals are building online ecosystems that seamlessly link deposit accounts, credit cards, wealth management and even dining and travel. But for small banks, keeping up is proving tough at ever
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News
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- Zions Bancorporation, National Association (NASDAQ:ZION) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ZION
Earnings
- 4/22/24 - Miss
ZION
Sec Filings
- 4/4/24 - Form PX14A6G
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ZION's page on the SEC website