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Fficer Contact: James Abbott Tel: (801) 524-4787 April 18, 2011 ZIONS BANCORPORATION REPORTS EARNINGS OF $0.08 PER DILUTED COMMON SHARE FOR FIRST QUARTER 2011 Lower Credit Costs Drive a Return to Profitability SALT LAKE CITY, April 18, 2011 Zions Bancorporation (Nasdaq: ZION) ( Zions or the Company ) today reported first quarter net earnings applicable to common shareholders of $14.8 million or $0.08 per diluted common share, compared to a net loss of $(110.3) million or $(0.62).

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