Zions Bank president and CEO Scott Anderson retiring –

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SALT LAKE CITY — Scott Anderson, president and CEO of Zions Bancorp., will retire on April 1 after 33 years of service, including the last 25 years in his current role.

The company made the announcement in a press release on Friday.

In a statement, Harris Simmons, chairman and CEO of Zions Bancorp, said: “With more than normal gratitude, we would like to sincerely thank Scott Anderson for his many years of service to Zions Bank. “I will.”

Simmons said Anderson helped the bank become the leading full-service commercial bank in Utah, as well as a strong presence in Idaho and Wyoming.

“He is also an unparalleled community leader, serving on countless nonprofit boards and dedicating his time, talent, and tremendous energy to addressing important local and national challenges. ” he said.

Mr. Anderson, who has served as president and CEO since 1998, will become non-executive chairman of Zions Bank.

Mr. Anderson will be succeeded by Paul E. Bardis, who has served as Zions Bank’s executive vice president and chief financial officer since 2015. Along with Anderson’s departure, the company also announced several other leadership changes.

Zions Bank recently celebrated its 150th anniversary and was introduced by Deseret News reporter Art Raymond. Raymond writes:

What is the secret to its longevity and success? Bank executives say it’s all about staying true to its humble roots, even as the company has become one of the nation’s leading financial institutions.

“I think it’s going back to the concept that we’ve always believed that banking is a local business,” Scott Anderson, president and CEO of Zions Bank, said in an interview with the Deseret News. Ta. “As we’ve grown, we’ve grown community by community and prioritized connections with those communities and personal relationships with all of our customers.”

Anderson said Zions has expanded its depth and breadth as a company to keep pace with the growth of Utah and the West, and its history can be seen in two distinctive periods.

For its first 87 years, the bank was owned by The Church of Jesus Christ of Latter-day Saints, and the bank’s history during those decades roughly paralleled the growth of the church, Anderson said. Until 1957, the bank had a succession of nontraditional bank presidents, all of whom were church leaders. Appointment as bank president is generally a lifelong position for them and corresponds to their tenure as church president.

In 1960, a group of investors led by Roy W. Simmons purchased majority ownership of the church’s bank. According to Anderson, this was the beginning of the modern era for banks and a period of rapid expansion.

Mr. Simmons assumed the role of chief executive officer in 1964, and two years later the company went public, helping raise capital to fuel growth and creating a new parent company, Zions Bank, Ltd. .

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Dennis Romboy

Dennis Lomboy is an editor and reporter for the Deseret News. Over the years, he has covered a variety of topics, including state and local government, social issues, and the courts. A native of Utah, Lomboy earned a degree in journalism from the University of Utah. He enjoys cycling, snowboarding, and running.

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