Zions Bancorp

By Bob Violino  |  Posted 2006-11-21 Email Print this article Print

The bank needed a better way to track financial results, while operating eight independent units.

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Zions Bancorp: Base Case Headquarters: 1 S. Main, Suite 1134, Salt Lake City, UT 84111
Phone: (801) 524-4787
URL: www.zionsbancorporation.com
Business: $43 billion financial holding company, with 470 offices in 10 Western states, offers personal and commercial banking services.
Executive Vice President, Information Systems: Michael A. DeVico
Financials in 2005: Net interest income of $1.36 billion, up 17% from $1.16 billion in 2004.

Baseline Goals:
• Develop annual budget in 1 month instead of 6.
• Save $3 million a year for 10 years in interest payments associated with the December 2005 acquisition of Houston-based Amegy Bancorp.
• Save $45 million in costs from the Amegy merger in 2006.

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