When the global financial crisis hit, Zions Bancorp was in a worse situation than expected as it had too many souring residential construction loans on its books as well as other issues. The bank's fortunes appear to be turning around, having posted a $14.8 million quarterly profit earlier this year. The reversal of its fortunes is said to be a testament to the fortitude of Harris Simmons, chief executive officer at Zions, as well as the bank's culture and creativity.

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U.S. Banker

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