Zions Bancorporation (Amegy Bank)

Zions Bancorporation (Amegy Bank) provides escrow through the Amegy unit, working with Zions Bank Corporate Trust. The service is the independent holding and release of money and documents under an escrow agreement.

Services - Escrow agent; - M&A escrow; - Commercial transaction escrow.

The bank lists use cases that include mergers and acquisitions, commercial contracts, project finance, litigation settlements and the replacement of a letter of credit. Assets held are money and documents, so a deal can be structured around both funds and the paperwork that unlocks them.

Names The offering appears under Amegy Bank and Zions Bank Corporate Trust. Both are part of the Zions group.

Market The United States.

Who it suits Parties to a transaction who need a regulated bank as a neutral custodian: buyers and sellers in an acquisition, contractors and owners in project finance, or litigants settling a claim. Fees, minimum balances and release procedures are not published in the source data and are set in the escrow agreement, so they should be agreed with the bank's corporate trust team at the start of a deal.