BUSINESS + ECONOMY

Zions Bank will lay off employees and close some branches

Oct 22, 2019, 6:23 PM
Zions First National Bank in Salt Lake City. (Johanna Workman,
Deseret News Archives)...
Zions First National Bank in Salt Lake City. (Johanna Workman, Deseret News Archives)

SALT LAKE CITY, UT — Zions Bank plans to lay off five percent of its workforce.

The news came today during the bank’s 3rd quarter earnings phone call.

The layoffs will span across the 11 states in which Zions does business, and most of those employees who are laid off will stay at work through the end of the 2019.

Zions has about 10,000 employees in 11 states. The layoffs will affect approximately 500 employees in Utah.

The bank announced earlier this year that one of its locations in Sandy would close, and according to the director of investor relations, that will be the only branch in Utah that will close.

This story will be updated.

Today’s Top Stories

Business + Economy

Turkey and cattle farms near Moroni, Utah. Three additional cases of avian influenza have been conf...
Mark Jones

Three additional cases of avian influenza confirmed in Sanpete County

The Utah Department of Agriculture and Food announced Friday that three additional cases of avian influenza have been confirmed on turkey farms in Sanpete County.
2 days ago
utah employment...
Alejandro Lucero

Annual Golden Key Awards presented to local businesses

Golden Key Awards recognize the people and businesses who believe in Utahns with disabilities, said a press release. Nine businesses were recognized today.
3 days ago
A group breaks ground on the Best Friends housing project in Kanab....
Britt Johnson

Best Friends Animal Society building housing for employees in Kanab

Best Friends Animal Society houses its headquarters and sanctuary in Kanab, Utah -- along with about half of its employees.
3 days ago
The Vivint Arena in Salt Lake City is pictured on Tuesday, May 24, 2022. (Kristin Murphy, Deseret N...
Lindsay Aerts

Silicon Summit announces statewide expansion

Silicon Summit will announce their plans for expansion. Starting next year, the two-day summit will be held over one week.
3 days ago
kia markups...
Peter Valdes-Dapena, CNN Business

Kia, once the ‘value’ brand, now has the biggest price markups

On average, Kia cars and SUVs are selling for about 6% over their sticker price, according to data from Edmunds.com.
4 days ago
intermountain healthcare...
Mark Jones

Name change coming to Intermountain Healthcare next year

In 2023, Intermountain Healthcare will change its name to Intermountain Health.
5 days ago

Sponsored Articles

Young woman receiving laser treatment...
Form Derm Spa

How facial plastic surgery and skincare are joining forces

Facial plastic surgery is not only about looking good but about feeling good too. The medical team at Form Spa are trained to help you reach your aesthetic outcomes through surgery and through skincare and dermatology, too.
large group of friends tohether in a park having fun...
BYU MBA at the Marriott School of Business

What differentiates BYU’s MBA program from other MBA programs

Commitment to service is at the heart of BYU’s MBA program, which makes it stand out among other MBA programs across the country.
a worker with a drill in an orange helmet installs a door in the house...
Price's Guaranteed Doors

Home improvement tip: Increase the value of your home by weatherproofing doors

Make sure your home is comfortable before the winter! Seasonal maintenance keeps your home up to date. Read our tips on weatherproofing doors.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
A paper reading IRS, internal revenue service is pictured...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Zions Bank will lay off employees and close some branches