SaleMay 4, 2026, 05:08 PM
Zions Bancorp Sells Visa Shares for $215M, Reports Pre-Tax Gain
AI Summary
Zions Bancorporation, N.A. announced the sale of 460,153 Class B-1 shares of Visa Inc. on May 4, 2026. The transaction generated aggregate proceeds of $215 million, resulting in a pre-tax gain of approximately the same amount. This gain will be recognized in the second quarter of 2026.
Key Highlights
- Sold 460,153 Class B-1 shares of Visa Inc.
- Generated aggregate proceeds of $215 million from the sale.
- Resulted in a pre-tax gain of approximately $215 million.
- Gain will be recognized in the second quarter of 2026.
- Shares were originally received in 2007 during Visa U.S.A. restructuring.