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Violation Tracker Individual Record

Company: Zions Bancorporation dba California Bank & Trust
Current Parent CompanyZions Bancorporation
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $14,000,000
Year: 2022
Date: November 8, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Violation Description: Zions agreed to pay $14 million to settle litigation alleging its subsidiairy California Bank & Trust failed to take steps to end its relationship with the perpetrators of a Ponzi scheme.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of California
Civil or Criminal Case: civil
Case ID: 2:17-cv-01123
Case Name: Evans et al v. Zions Bancorporation, N.A.
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Utah
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.