Zions reports $12M gain tied to new tech campus

Zions Bancorp. in Salt Lake City is close to opening a new corporate technology center. 

The $93 billion-asset company said in a press release Monday that it should occupy the building in mid-2022. 

The move allowed Zions to consolidate and sell a number of bank-owned facilities. The sales were largely responsible for $12 million in “other income” recording during the fourth quarter.

Zions announced plans in May 2020 for the 400,000-square-foot facility in Midvale, Utah. The building will house more than 2,000 employees.