April 27, 2017 -- Zions Bancorporation announced today that it will redeem all outstanding shares of its 7.90% Series F Non-Cumulative Perpetual Preferred Stock (NYSE: ZB Pr F; CUSIP 989701867), and the related depositary shares, each representing a 1/40th interest in a share of Series F Preferred, on June 15, 2017 at the price per Depositary Share of $25.00, plus accrued and unpaid dividends through the redemption date. At the redemption amount, the redemption represents 143,750.00 Series F Preferred shares and the related 5,750,000 Depositary Shares. After the redemption date, the Series F Preferred shares and related Depositary Shares will cease to be entitled to dividends and the holders of such shares will not be entitled to exercise any right with regard to such shares except that of receiving the redemption amount. The amount of dividends payable with respect to the June 15, 2017 dividend payment date has been declared and approved, and will amount to $0.49375 per Depositary Share. Shareholders will receive official notice of the redemption in accordance with the provisions of Zions' Amended and Restated Articles of Incorporation and the deposit agreement relating to the Depositary Shares.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Zions Bancorporation, 7.90% Depositary Shares each representing a 1/40 interest in a share of the Series F Fixed Rate Non-Cumulative Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 6/15/2017 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 7.90% per annum ($1.975 per annum or $0.49375 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record dates that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event (see the prospectus for further information) which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-38 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.90% $1.975	$25.00 $25.00	Called for 6/15/2017 None	Ba3 BB- 1/22/2016	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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HOME PAGE:     http://www.zionsbancorporation.com/
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Email Address	james.abbott@zionsbancorp.com
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Address and Phone Numbers

Address:   One South Main, 15th Floor, Salt Lake City, UT 84133
Main Phone Number	801-524-4787
Fax Number	801-524-4659
Investor Relations   James Abbott	801-844-7637
Toll Free Phone Number	Unknown

CEO - Harris H. Simmons

CFO - Doyle L. Arnold