Press release
Zions Bancorporation Breaks Ground on Corporate Technology Center in Midvale, Announces Major Donation to Support African American Students Studying STEM
The campus represents the company’s long-term commitment to advanced financial technology solutions, economic growth and supporting local communities SALT
About this update from Zions Bancorporation N.a.
[{"type":"text","content":"\nThe campus represents the company’s long-term commitment to advanced financial technology solutions, economic growth and supporting local communities\n\n SALT LAKE CITY--(BUSINESS WIRE)--\nZions Bancorporation, N.A. (NASDAQ: ZION), a $76 billion (assets) bank headquartered in Salt Lake City, hosted a groundbreaking ceremony for its 400,000-square-foot technology campus in Midvale, Utah today.\n\n\nAn estimated 1,500 workers will be employed during the construction project, stimulating continued job and economic growth in the Salt Lake Valley. Anticipated to be completed in mid-2022, the sustainably built campus will be the company’s primary technology and operations center, serving Zions’ seven affiliate brands in 11 western states. As one of the state’s largest technology employers, Zions will accommodate more than 2,000 employees at this location.\n\n\nDuring the event, Zions Bancorporation Chairman and CEO Harris H. Simmons presented a $100,000 donation to the Pastor France A. Davis Scholarship Foundation, earmarked to support students of color pursuing science, technology, engineering and mathematics (“STEM”) degrees, part of the company’s effort to support educational achievement in the community and to attract diverse tech talent.\n\n\n“This is an exciting occasion for us,” Simmons said. “Zions has long been known within the financial services industry for its contributions to financial technologies, including such innovations as having banks serve as trusted third parties in public key infrastructure ('PKI') encrypted digital certificate transactions, and the development of Remote Deposit Capture (capturing and clearing the image of a check, eliminating the need for physical presentment of the check to the paying bank). We hope this new campus will spur even greater innovation and discovery while also contributing to Utah’s economic growth. We also hope this campus will provide fulfilling career opportunities for a diverse workforce. Our contribution today to the Pastor France A. Davis Scholarship Foundation is symbolic of our desire to ensure that economic opportunity is broadly available to capable employees with a variety of backgrounds and experiences.”\n\n\nEvent speakers included Gov. Gary R. Herbert; Midvale Mayor Robert Hale; Harris H. Simmons, Chairman and CEO of Zions Bancorporation; Jennifer Smith, Chief Info...