On October 15, 2025, Zions Bancorporation, N.A. announced that it would be taking a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, in light of “apparent misrepresentations and contractual defaults by the Borrowers and Obligors and other irregularities with respect to the Loans and collateral.” Zions Bancorporation, N.A. further disclosed that it would be engaging counsel to coordinate an independent review of the matter.
On this news, Zions Bancorporation, N.A common stock fell 13.14% on October 16, 2025.