Zions Bancorporation takes $60M provision, $50M charge-off on two commercial loans due to apparent fraud

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/

Bank took $60M provision and $50M charge-off on two commercial loans in Q3 2025 due to apparent misrepresentations and defaults.
Loans were extended by California Bank & Trust division; obligors have not responded to demands and notices.
Bank commenced lawsuit in California against guarantors (Obligors) for full recovery of outstanding amounts.
Bank believes situation is isolated and plans to engage counsel for independent review.

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