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SOURCE Zions Bancorporation
SALT LAKE CITY, July 18, 2014 /PRNewswire/ -- Zions Bancorporation (Nasdaq: ZION) today announced that Edward F. Murphy has been elected to its board of directors.
Mr. Murphy served as Chief Financial Officer of the Federal Reserve Bank of New York and Executive Vice President of its Corporate Group from 2005 through 2013. He had previously served as Executive Vice President and CFO of the retail division of JPMorgan Chase & Co. from 2002 through 2004, and in several positions with JPMorgan & Co. from 1983 through 2002, including as Chief Operating Officer of its Asia Pacific Region, and five years as the firm's Global Audit Director. Previously, Mr. Murphy, a CPA, worked for Coopers & Lybrand in its New York office. Mr. Murphy also serves as a Trustee of his alma mater, Pace University.
"Ed Murphy brings a wealth of risk management, banking and financial expertise to Zions Bancorporation, and we're very pleased that he is joining our board of directors," said Harris H. Simmons, Zions Bancorporation's Chairman and CEO. "His breadth of experience, which includes his service in a critical post at the Federal Reserve's main operating unit during the financial crisis of a half decade ago, will provide an important perspective to us as we continue to build a banking organization of enduring strength."
"Zions Bancorporation has a strong and deep franchise in a growing part of the country. It is an honor to be part of the Zions board at this dynamic time for the banking industry and for Zions," commented Mr. Murphy.
Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of great banks in select western U.S. markets with combined total assets exceeding $55 billion. Zions operates its banking businesses under local management teams and community identities in 10 western and southwestern states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company is a national leader in Small Business Administration lending and public finance advisory services and is a consistent recipient of numerous Greenwich Excellence awards in banking. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to subsidiary banks can be accessed at www.zionsbancorporation.com.
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