Strength of Vectra Bank
I’m very pleased to share the second quarter financial summary for our holding
company, Zions Bancorporation (ZBC) and first quarter highlights for Vectra
(updated numbers will be available mid–August). As always, we appreciate your
commitment and support, and always strive to provide personalized financial
solutions for each of our clients. We as a bank are extremely optimistic that
the last impacts of the economic recession are behind us, and feel well–positioned
for the future. Vectra Bank, as well as ZBC, sits nicely in a ”Goldilocks position,“
as entities that are small enough to offer thoughtful personalized attention but
large enough to have the assets and infrastructure to deliver.
Credit quality across our footprint remains solid, and loan and deposit growth over
the past couple of quarters has been strong. These are trends I expect to see continue
throughout 2013 as we continue through the economic recovery and respond to increased
loan demand from our business customers.
As you follow the latest economic news, both home and abroad, I urge you to use us as
a resource; we are here to answer questions and help you make the most educated
decisions possible for your financial future. Thank you for your business and ongoing
President & CEO
Vectra Bank Colorado
Please click here for the Vectra/Zions Quarterly Customer Summary.