Zions Bank Press Release
Price, Utah; June 27, 2018 — Today, Zions Bank has three financial centers in Carbon and Emery counties and is hard at work helping to bring value to Castle Country. Friendly employees, some who have worked Zions Bank for two or three decades, volunteer to teach financial education classes at local schools, participate in the stock show and help paint the homes of elderly residents every year.
“Zions Bank is committed to Carbon and Emery counties and is determined to continue investing in our local communities and the people who live here,” said financial center manager Erroll Holt. “We are looking towards the future and hoping for many economic opportunities to come.”
Although the energy industry is struggling and causing local downturn, the prospects of a diversifying economy can provide opportunities for long-term strength in the region, according to Zions Bank economist Robert Spendlove.
Zions Bank entered Carbon and Emery counties in 1963 when it acquired Carbon Emery Bank that had locations in Price and Castle Dale. Roy Simmons, chief executive officer of Zions First National Bank and founder of Zions Bancorporation, focused on expanding the bank through acquiring well-managed banks he had been familiar with from his role as the state’s Commissioner of Financial institutions. After acquisitions, he would leave management in local hands as much as possible — a business model that continues today.
The Zions Bank team in Price remains fortified in a joint effort to serve the Carbon County community and help meet the community’s economic needs.