Allows Investors to Respond to Business Opportunities without Liquidating their Portfolios
Ideal for Real Estate Investors Who Need Quick Access to Capital
BERKELEY, Calif., August 4, 2005 – Contango Capital Advisors, Inc., the wealth management affiliate of Zions Bancorporation (Nasdaq: ZION), today announced the availability of an innovative revolving credit line for its clients.
This investment line of credit (ILOC) allows wealth management account holders to take advantage of new business opportunities without liquidating investments to raise cash. By using the credit line to fund these opportunities, clients can continue earning interest and dividends on their assets as well as enjoy any capital appreciation that might occur. The lines of credit are available up to $20 million with both fixed and floating-rate options.
The new investment credit line is being made available to Contango clients through the firm’s affiliation with Zions and its six regional banks: California Bank & Trust, The Commerce Bank of Washington, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and Zions First National Bank. It is being underwritten by Zions First National Bank.
George Feiger, chief executive officer of Contango, explains: “Wealthy individuals and families today need the same powerful financial products and support network enjoyed by the largest corporations. Financial markets have become too complex and fast-moving for anything less. It is this level of service — a ‘corporate finance department’ for individuals and families — that we believe represents the future of wealth management.
“The new credit line we are announcing allows Contango to design investment portfolios with our clients’ long-term goals in mind and at the same time ensure they can meet any short-term funding needs they might have. Our relationship with Zions and the ability of its banks to provide credit makes this possible.”
Tim Hoskins, head of Credit and Lending Strategies for Private Wealth Management at Zions Bancorporation, notes: “Wealthy individuals in some industries, real estate in particular, tend to keep large sums of money in cash to ensure they can take advantage of business opportunities that may require
quick decisions and readily available funds. This, of course, stops them from making long-term investments with that money and almost certainly means that their capital will be eroded by inflation. Our investment line of credit solves this problem.”
About Contango Capital Advisors
Contango Capital Advisors, Inc. (www.contangoadvisors.com) is the wealth management affiliate of Zions Bancorporation. Contango offers a unique approach to managing assets, focusing on individuals’ real-life goals and using sophisticated analytical techniques and riskmanagement tools to design clients’ investment portfolios. Contango is an entrepreneurial
organization backed by one of the nation’s premier financial services companies.
About Zions Bancorporation
Zions Bancorporation is one of the nation’s premier financial services companies, consisting of a collection of great banks in select high growth markets. Under local management teams and community identities, Zions operates approximately 400 full-service banking offices in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah and Washington. In addition, Zions is a national leader in SBA lending, public finance advisory services,
agricultural finance and electronic bond trading. The company is included in the S&P 500 Index. Investor information and links to subsidiary banks can be accessed at www.zionsbancorporation.com.
Securities and investment products offered by Contango Capital Advisors, Inc. are NOT FDIC INSURED — NO BANK GUARANTEE — MAY LOSE VALUE
