Zions Bancorporation, 4% Floating Rate Series A Non-cumulative Perpetual Preferred Stock

Coupon will float at 3 month Libor plus .52% or a minimum of 4%

Ticker changed from ZB-A to ZIONP

Ticker: ZIONP

Parent Ticker: ZION

OTC Grey Market Temporary Ticker: NA

Issuance Date: 12/06/2006

1st Call Date: 12/15/2011

Maturity Date: None

Shares Issued: 9,600,000

Overallotment Shares: 0

Coupon: 4.00%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.25

Ex-Dividend Months: FEB, MAY, AUG, NOV

Approx. Ex-Dividend Day: Last Day

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: BB+

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: Ba1

Fitch Rating: NR