Anthony Elian

Bernard Von Gizycki

Christopher McGratty

John Pancari

Jon Arfstrom

Manan Gosalia

Benjamin Gerlinger

Matthew Clark

Peter Winter

Bill Carcache

Christopher Spahr

David Smith

Kenneth Usdin

Ken Usdin

Michael Mayo

Samuel Varga

- Zions Bancorporation, N.A. identified **misrepresentations and contractual defaults** by borrowers and obligors related to two commercial and industrial loans.  **[109380_0000109380-25-000118_zion-20251015.htm:2]** 
- On **October 15, 2025**, the Bank determined to take a **provision for approximately $60 million** and **charge off $50 million** of the outstanding loan amount.  **[109380_0000109380-25-000118_zion-20251015.htm:2]** 
- These financial impacts will be reflected in the Bank's **Q3 2025 earnings** and financial statements.  **[109380_0000109380-25-000118_zion-20251015.htm:2]** 
- The Bank has commenced a lawsuit against the obligors for full recovery and plans an independent review, believing the situation to be **isolated**.  **[109380_0000109380-25-000118_zion-20251015.htm:2]**

Zions Bancorporation announces significant loan charge-off

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION)