Zions Bancorporation ("Zions")<br /> (Nasdaq:   ZION) announced today the appointment of Doyle L. Arnold as executive<br /> vice president and chief financial officer, effective December 3, 2001.<br /> Mr. Arnold was formerly group executive vice president for Corporate Strategy<br /> and Development at BankAmerica Corporation in San Francisco, California.  He<br /> has served in a variety of executive management positions at BankAmerica, and<br /> prior to that at Wells Fargo & Company.  Mr. Arnold also served as<br /> Senior Deputy Comptroller of the Currency and executive assistant to the<br /> Deputy Secretary of the Treasury during the Reagan Administration.  He has<br /> also served as chief financial and administrative officer of Bankserv, Inc., a<br /> leading electronic payments company.  Mr. Arnold is a graduate of<br /> Rice University, and holds a Master's in Business Administration degree from<br /> Stanford University.Harris H. Simmons, president and chief executive officer of<br /> Zions Bancorporation, welcomed Mr. Arnold to the Zions organization.<br /> "Doyle is widely recognized in the banking industry as an extremely talented<br /> executive.  He is one of the business's best strategists, and he has a<br /> tremendous background in mergers and acquisitions, which will be of great<br /> benefit to our organization as we continue to build our banking business<br /> throughout the West.  We are very much looking forward to having Doyle on our<br /> team."<br /> <br />     Zions Bancorporation is one of the nation's premier financial services<br /> companies, consisting of a collection of great banks in select high growth<br /> markets.  Under local management teams and community identities, Zions<br /> operates over 400 full-service banking offices in Arizona, California,<br /> Colorado, Idaho, Nevada, New Mexico, Utah and Washington.  In addition,<br /> Zions is the only primary dealer in government securities headquartered in the<br /> western United States, and is a national leader in SBA lending, public finance<br /> advisory services, agricultural finance and electronic bond trading.  The<br /> company is included in the S&P 500 Index.  Investor information and links to<br /> subsidiary banks can be accessed at www.zionsbancorporation.com .