Zions Bancorporation, N.A. Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against Zions Bancorporation, N.A. (ZION)

If you purchased or acquired Zions Bancorporation, N.A. securities, and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About Zions Bancorporation

Zions Bancorporation, headquartered in Salt Lake City, Utah, is a regional financial services company that operates a network of banking divisions primarily in the western United States.

The company offers a range of commercial and retail banking services, including business loans, real estate lending, deposit accounts, and wealth management solutions.

Potential Concerns Under Investigation

Lawyers are investigating whether Zions Bancorporation may have made misleading statements or omitted important information regarding the quality of its loan portfolio and related credit losses. On October 15, 2025, the Company filed form 8-K, disclosing a $50 million charge-off on two commercial and industrial loans, one of which involved fraud within its California division. The filing also states that the Bank has commenced a lawsuit in California against the obligors to pursue full recovery.

Following this announcement and subsequent coverage from news outlets, Zions Bancorporation's stock declined by approximately 13%, from a close of $54.03 on October 15 to $46.93 on the following day. This decline far exceeded the S&P 500’s 0.6% drop on the same day, indicating a company-specific event that resulted in significant investor losses.

Attorneys may examine whether Zions Bancorporation provided accurate and complete information about its loan portfolio quality and reserves in prior filings. For example, in the Q1 2025 earnings presentation, management reported that “classified loan balances stabilizing as expected while nonperforming asset and net charge-off ratios remain low,” and highlighted within its multifamily portfolio that there had been “no charge offs in last 12 months.”

Lawyers are investigating whether these statements were misleading in light of the subsequent revelation of material loan losses and fraud.

Legal professionals could also review whether Zions Bancorporation adequately disclosed or reserved for the problematic loans in its prior SEC filings. Prior quarterly reports allegedly did not mention issues with loans to distressed mortgage funds or any fraud. Analysts have criticized the company’s underwriting and risk management practices, raising questions about whether past assertions of rigorous credit review were accurate.

The investigation may also assess whether senior management was aware of the loan irregularities and whether their public statements accurately reflected the underlying risk to investors. The timing of the leadership transition in April 2024, together with the scale of the charge-offs, could be key factors in the ongoing review.

Your Rights and Next Steps

This is an active investigation into potential securities law violations by Zions Bancorporation. If lawyers determine that the company or its executives misrepresented or failed to disclose important information, a class action lawsuit may be filed on behalf of affected investors.

Investors who purchased Zions Bancorporation securities, and suffered losses may be eligible to participate in any potential class action. By joining the investigation, investors can help ensure their interests are represented and may have the opportunity to recover financial losses if a class action is pursued.

Lawyers are ready to help investors understand their rights and guide them through the process. Participating in a securities investigation is time-sensitive, as certain legal deadlines may apply.

You May Be Entitled to Compensation

If you purchased Zions Bancorporation securities and experienced financial losses during the proposed period, you may be entitled to compensation. Securities investigations move quickly, and it is important to act promptly to protect your rights.

To join the investigation and learn more about your options, complete the form below.