Tuesday, January 19States Top Leading News (STL.News)

Tag: Salt Lake City

Zions Bancorporation Announces Fiscal 2021 Earnings Release Dates
Business

Zions Bancorporation Announces Fiscal 2021 Earnings Release Dates

SALT LAKE CITY, UT (STL.News) Zions Bancorporation (NASDAQ: ZION) announced its expected earnings release dates for the fiscal first, second, third and fourth quarters of 2021.  Zions expects to report its financial results on the following dates and times: For the fiscal period - Earnings Release Conference Call Date and Time First Quarter 2021 -April 19, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Second Quarter 2021 -July 19, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Third Quarter 2021 -October 18, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Fourth Quarter 2021 -January 18, 2022, at 5:30 p.m. ET (3:30 p.m. MT) Forward-looking and other material information may be discussed on these conference calls. Media representatives, analysts and the public are invited to listen to the conferen...
Northrop Grumman Delivers 75,000th Tactical Gyroscope
Business

Northrop Grumman Delivers 75,000th Tactical Gyroscope

SALT LAKE CITY, Utah (STL.News) Northrop Grumman Corporation (NYSE: NOC) has produced its 75,000th G-2000 gyroscope, the smallest tactical-grade gyroscope for commercial and military customers.  Well regarded for its performance and accuracy, the G-2000 senses orientation for numerous stabilization and targeting applications. “This milestone is a confirmation of the consistently reliable performance that the G-2000 offers for customers seeking high accuracy for a variety of missions,” said Brandon White, vice president, navigation and positioning systems, Northrop Grumman.  “With its small form factor, the G-2000 provides a truly versatile solution for guiding and stabilization at a low cost.” About the width of a penny, the G-2000 is the smallest dynamically-tuned gyroscope produced...
Extra Space Storage Makes $300 M Investment in Jernigan Capital
Business

Extra Space Storage Makes $300 M Investment in Jernigan Capital

SALT LAKE CITY, UT (STL.News) Extra Space Storage Inc. ("Extra Space" or the "Company") (NYSE: EXR), a leading owner and operator of self-storage properties, announced today it made a $300 million investment in preferred stock of Jernigan Capital, Inc. ("JCAP") in connection with the acquisition of JCAP by affiliates of NexPoint Advisors, L.P.  The previously announced acquisition was approved by JCAP stockholders on October 26, 2020, and closed on Friday, November 6, 2020. Extra Space's preferred stock investment consists of a $200 million tranche, which will yield 10% per annum and a $100 million tranche which will yield 12% per annum, for a blended yield of 10.7% per annum.  After five years, the preferred dividend increases annually if the investment is not retired by JCAP and include...
Salt Lake City: Gregory Alan Nelson Charged In Firearms Trafficking Case
General

Salt Lake City: Gregory Alan Nelson Charged In Firearms Trafficking Case

Salt Lake City: Gregory Alan Nelson Charged In Firearms Trafficking Case; Allegedly Made False Statements To Purchase Firearms (STL.News) – A Las Vegas man is charged with nine counts of making a false statement during the acquisition of a firearm in a federal indictment returned by a grand jury in Salt Lake City, along with one count of dealing in firearms without a license and one count of travel within the United States with intent to violate federal law prohibiting dealing in firearms without a license. The indictment alleges Gregory Alan Nelson, 32, knowingly made false written statements in connection with the acquisition of firearms intended to deceive the firearms dealer.  Specifically, the indictment alleges Nelson falsely answered “yes” on an ATF form asking whether he was the a...
Salt Lake City: Utah Receiving $994,943 In Department Of Justice Funding
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Salt Lake City: Utah Receiving $994,943 In Department Of Justice Funding

Salt Lake City: Utah Receiving $994,943 In Department Of Justice Funding To Enhance State Victim Assistance Programs | USAO-UT (STL.News) – U.S. Attorney John W. Huber announced Wednesday morning that Utah is receiving almost $1 million in Department of Justice grant awards to support crime victims in Utah.  The grants, awarded by the Department’s Office of Justice Programs, are part of more than $144 million distributed nationwide to enhance the response to victims of crime throughout the United States. “The Department of Justice is steadfast in its commitment to protecting public safety and bringing justice to those who have been victimized,” said Attorney General William P. Barr.  “The investments we are making today will support service providers as they work to secure the legal right...
After a Wildfire, The Time to Buy Flood Insurance is Now!
General

After a Wildfire, The Time to Buy Flood Insurance is Now!

SALT LAKE CITY, UT (STL.News) Wildfire season is once again raging, and areas throughout the West are feeling the impact. Once the fires are out, people and communities are at risk for another threat ? flooding. Wildfires leave the ground charred and unable to absorb water.  This creates a flash flooding potential for years to come, even in areas that rarely experienced flooding in the past.  Sometimes these flash floods can pick up ash and large debris, turning into mudflows that are highly destructive. Floods are the most common and expensive natural disaster in the U.S. Just an inch of water in an average-sized home can cause $25,000 in damage.  However, unlike many causes of damage, flooding and mudflows are generally not covered by a homeowners’ policy.  An uninsured flood loss can ...
Salt Lake City; Three Utah School Districts Awarded Cops Grant Funding To Improve School Safety | USAO-UT
General

Salt Lake City; Three Utah School Districts Awarded Cops Grant Funding To Improve School Safety | USAO-UT

Salt Lake City; Three Utah School Districts Awarded Cops Grant Funding To Improve School Safety | USAO-UT (STL.News) – U.S. Attorney John W. Huber announced today that three Utah school districts are receiving funding through the Department of Justice’s Office of Community Oriented Policing Services (COPS Office) School Violence Prevention Program (SVPP). SVPP provides up to 75 percent funding for school safety measures in and around primary and secondary schools and school grounds. Provo and Nebo school districts are each receiving $500,000 in program grant funding.  The Ogden School District is receiving $393,332.  Nationally, the COPS Office awarded nearly $50 million in school safety funding. “With the new school year underway, the safety of our nation’s students remains paramount,” ...
Salt Lake City Man Michael Leroi Douros Pleads Guilty To Fraud
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Salt Lake City Man Michael Leroi Douros Pleads Guilty To Fraud

Salt Lake City Man Michael Leroi Douros Pleads Guilty To Fraud Counts In Connection With Getting A Paycheck Protection Program (PPP) Loan (STL.News) – A Salt Lake City resident pleaded guilty to charges in a five-count Felony Information in U.S. District Court Friday in connection with fraudulent representations he made to get a loan under the Paycheck Protection Program (PPP). Michael Leroi Douros, 64, was charged with two counts of bank fraud, two counts of making a false statement to a bank, and money laundering in the Felony Information.  Douros has a previous felony conviction. “The President and Congress dedicated taxpayer funds to offer relief and hope during this extraordinarily challenging time for our nation.  It is disappointing, to say the least, to see an individual use frau...
Riverton Man Justin Peck Pleads Guilty To Operating Unlicensed Money Transmitting Business
General

Riverton Man Justin Peck Pleads Guilty To Operating Unlicensed Money Transmitting Business

(STL.News) – Justin Peck, 47, of Riverton, entered a plea of guilty to one count of operating an unlicensed money transmitting business in federal court in Utah recently, admitting that he owned several companies that were operating as unlicensed money transmitting businesses from as early as 2012 through sometime in 2019. As a part of a plea agreement reached with federal prosecutors, Peck stipulated that his companies that did not comply with federal law and regulations for money transmitting business registration requirements. Specifically, Peck admitted he received checks from general contractors for drywall labor.  He cashed those checks and deliver the money to subcontractors or other individuals who were responsible for paying the laborers.  For his services, Peck would keep a fee...
Utah Ranked Best Economy in Nation
Business

Utah Ranked Best Economy in Nation

Salt Lake City, UT (STL.News) Utah Governor Friday released the following statement: 24/7 Wall Street recently ranked Utah as having the best economy in the nation.  The financial analysis publication ranked all 50 states’ economies based on several important metrics, including 5 year annualized GDP and unemployment growth rate.  Utah placed first in the 2020 rankings, after taking third the previous year. The state was propelled to the top spot thanks in part to its low poverty rate (9 percent) and country-leading July unemployment rate (4.5 percent).  According to 24/7 Wall Street, Utah has maintained its impressive economic performance both during and prior to the coronavirus epidemic.  Before COVID-19 entered into America, “economic conditions in Utah were far stronger than they were...
Grand Jury Returns Indictment In Pipeline Drug Case Charging Pair With Possession Of Marijuana
General

Grand Jury Returns Indictment In Pipeline Drug Case Charging Pair With Possession Of Marijuana

Grand Jury Returns Indictment In Pipeline Drug Case Charging Pair With Possession Of Marijuana With Intent To Distribute (STL.News) – A federal grand jury returned a two-count indictment Wednesday afternoon charging two individuals with possession of marijuana with intent to distribute in a pipeline drug case originating from the Utah Port of Entry off Interstate 80 near Wendover. Law enforcement officers found approximately 341 pounds of marijuana in a commercial truck they were traveling in. “This case is unique only because of the amount of marijuana seized in a semi-truck.  Every week, Utah law enforcement officers intercept loads of marijuana transiting Utah’s highways from the west coast to points east.  In return, Utah officers will also intercept large bundles of drug-related ...
Marquez Roberto Manuel Marquez Pleads Guilty To Possession Of Methamphetamine
General

Marquez Roberto Manuel Marquez Pleads Guilty To Possession Of Methamphetamine

Marquez Roberto Manuel Marquez Pleads Guilty To Possession Of Methamphetamine With Intent To Distribute, Agrees To 120-Month Sentence (STL.News) – Roberto Manuel Marquez, 43, of Tooele, pleaded guilty Monday afternoon to one count of possession of methamphetamine with intent to distribute in U.S. District Court in Salt Lake City. Marquez, a Sureno gang member, was a fugitive from state parole when he was arrested Oct. 10, 2018, during a fugitive operation conducted by the U.S. Marshals Service’s Violent Fugitive Apprehension Team (VFAST) in the Salt Lake Valley.  The Utah Board of Pardons and Parole had issued a warrant for Marquez after he removed a GPS ankle monitor and failed to report.  The Tooele County Sheriff’s Office was also looking to talk to Marquez about a drive-by shooting in...
Zions Bancorporation Announces 2020 Earnings Release Date Information for Q2, Q3, Q4
Business

Zions Bancorporation Announces 2020 Earnings Release Date Information for Q2, Q3, Q4

SALT LAKE CITY, UT (STL.News) Zions Bancorporation (NASDAQ: ZION) announced its expected earnings release dates for the second, third and fourth quarters of 2020. Zions plans to report its earnings results after the NASDAQ market close on: For the period - Earnings Release Conference Call Date and Time Second Quarter 2020 - July 20, 2020, at 5:30 p.m. Eastern Time (3:30 p.m. Mountain Time) Third Quarter 2020 - October 19, 2020, at 5:30 p.m. Eastern Time (3:30 p.m. Mountain Time) Fourth Quarter 2020 - January 19, 2021, at 5:30 p.m. Eastern Time (3:30 p.m. Mountain Time) Forward looking and other material information may be discussed on these conference calls. Investors, analysts, media representatives, and the public are invited to listen to the conference call. Information on how ...
Zions Bancorporation Elects Claire A. Huang to Its Board of Directors, Announces Retirement of Jerry C. Atkin
Business

Zions Bancorporation Elects Claire A. Huang to Its Board of Directors, Announces Retirement of Jerry C. Atkin

SALT LAKE CITY, UT (STL.News)  Zions Bancorporation (Nasdaq: ZION) today announced that Claire A. Huang has been elected to its board of directors, effective July 1, 2020.  The Company also announced the retirement of Jerry C. Atkin, effective on the same date. Ms. Huang has worked as a global brand builder for over 30 years in multiple industries. She served as the chief marketing officer for J.P. Morgan Chase and Company from 2012 through 2014, following her work as head of global marketing, international communications and corporate social responsibility at Bank of America Merrill Lynch.  Prior to her work at Bank of America, she was head of Fidelity Investments’ marketing and customer strategy groups.  Her first role in financial services was at American Express.  Earlier in her caree...
Zions Bancorporation, National Association Announces Commencement of Tender Offers
Business

Zions Bancorporation, National Association Announces Commencement of Tender Offers

Zions Bancorporation, National Association Announces Commencement of Tender Offers for its 3.500% Senior Notes Due August 2021 and its 3.350% Senior Notes Due March 2022 SALT LAKE CITY, UT (STL.News) Zions Bancorporation, National Association (“Zions” or “the Company”) (NASDAQ: ZION), today announced that it has commenced cash tender offers to purchase any and all of its 3.500% Senior Notes due 2021 (the “2021 Notes”) and any and all of its 3.350% Senior Notes due 2022 (the “2022 Notes” and together with the 2021 Notes, the “Notes”).  As of June 16, 2020, Zions had $500 million aggregate principal amount of the 2021 Notes outstanding and $500 million aggregate principal amount of the 2022 Notes outstanding.  The tender offers are being made pursuant to an offer to purchase, dated as of Jun...
Zions Bancorporation Delivers Paycheck Protection Program Loan Approvals for More Than 40,000 Small Businesses
Business

Zions Bancorporation Delivers Paycheck Protection Program Loan Approvals for More Than 40,000 Small Businesses

More than Half a Million Workers’ Paychecks May Be Protected Through the Loans SALT LAKE CITY, UT (STL.News) Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that it has processed and obtained approval for 40,483 U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) loans totaling $7.05 billion, as of May 10, 2020. Originated and processed by Zions Bancorporation’s affiliate banks operating across 11 western states, the loans will help preserve payrolls for more than 600,000 workers, based on applicant data. More than 66% of the loans were made to businesses with fewer than 10 employees. Nearly 80% of the loans approved were for amounts less than $150,000 (55% for amounts less than $50,000) and the median loan amount approved was $41,600.  Additionally, appr...
Zions Bancorporation to Present at the Goldman Sachs US Financial Services Conference 2019
Business

Zions Bancorporation to Present at the Goldman Sachs US Financial Services Conference 2019

(STL.News) – Harris Simmons, Chairman & CEO of Zions Bancorporation (NASDAQ: ZION), will make a presentation at Goldman Sachs US Financial Services Conference 2019 on Tuesday, December 10, 2019 at 3:30 p.m. EST.  A live webcast of the presentation may be accessed on the Zions Bancorporation website, zionsbancorporation.com.  The webcast will also be archived and available on the website for 30 days. Zions Bancorporation, N.A. is one of the nation's premier financial services companies with total assets exceeding $70 billion.  Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.  The company is a national leader in Small Business Administration lending...