Zions Bancorp repays remaining $700M on bailout

Published September 26, 2012 6:04pm ET



WASHINGTON (AP) — The Treasury Department says regional bank company Zions Bancorp has repaid the $700 million it still owed for the federal bailout it received in the financial crisis.

Salt Lake City-based Zions was among hundreds of banks that received bailouts in late 2008 after their bad loans mounted, under Treasury’s Troubled Asset Relief Program, or TARP. In March, Zions repaid the first $700 million of the $1.4 billion it received.

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