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Show THE PAGE 4 TIMES-INPEPENDEN- REAL ESTATE WEEKLY T NOVEMBER 00 Zions signs agreement to merge with Draper Bank Zions First National Bank (Zions Bank), a subsidiary of Zions Bancorporation (Nasdaq: ZION), and Draper Bank announced last week that a definitive agreement has been signed under which Draper Bank will merge with and into Zions Bank in exchange for common shares of Zions stock. Established in 1964, Draper Bank has $250 million in assets and approximately 200 employees with branch offices in Draper, Murray, Park City, Riverton, Sandy, South Jordan, and West Jordan. The Park City branch is officially referred to as Park City Bank - A Division of Draper Bank. In locations where Zions Bank and Draper Bank branches are in close proximity, some consolidations will take place. Following is a list of these consolidations: The Draper Bank office located at 195 East 6100 South in Murray will be consolidated into the Zions Bank branch at 5595 South State Street in Murray. The Zions Bank office at 1207 East 12300 South in Draper will be consolidated into the Draper Bank branch located at 12271 South 900 East in Draper. The Draper Bank branch at 10380 South Redwood Road in South Jordan will be consolidated into the Zions Bank office inside the Smiths Food and Drug Center at 1634 W. South Jordan JAnasazi HOME with lots of square footage for the price. This 3 bedroom, 2 bath home is located close to Swanny Park HMK School and many churches. Remodeled and added onto in 1996. New windows and new insulation. $95,000.00 LA SAL 40 acres perfect for a home or s' summer get away. Power is on the property. West boundary boarders Forest Service. Property is approximately 12 mile off HWY 46 with great access! $1 10,000.00 419-NO2916-1- 7 AVAILABLE! 3 lots available between 1 .04 and 1 .07 acres in San Juan County. Beautiful location with panoramic views. NO IMPACT FEES! Approved for modulars. $35,000.00 2369-DYOU NEED TO GET OUT OF TOWN? Heres a 1 . 5 acre parcel in La Sai with 12 share in an existing well. Youll be cooler in the summer, and youre only 32 miles from Moab. $16,000.00 2761- - 1 acre at the base of the La Sal Mts. $8,250. Beautiful views, close to fishing, hunting, and nice summer drives. 2605-8- 0 ACRES of vacant land with beautiful views of the La Sal 4 Blue Mountains, and church rock. All on HWY 21 1 on your way to Canyonlands National Park. Owner Financing Available. $190,000. MISS THIS OPPORTUNITY to pick 1 0, 1 4 or 20 acre cabin site's nestled at the base of the Blue Mountains. You will find deer and elk in the oaks, and cedar trees. Act now! $30,000. 3190-NIC- 'ReaCty wishes to give thanks to JUX our wonderful FAMILY E 3121 PERFECT HORSE PROPERTY! This 3 bedroom, 1 .5 bath home has new paint throughout. This property is fully fenced and has been divided into 2 sections. Perfect if you have animals. This is a must see home -- customers andfriends, and wish you a very hapjry Thanksgiving! and property. $105,000.00 GOLF L COURSE CONDO! This beautiful FULLY furnished 2 bed 2 bath condo is in Moabs exclusive condo project adjacent to Moab's Golf Course. Could be a potential income property or a super vacation home.$1 79,000. EXECUTIVE HOME. Fully landscaped with sprinkler system on 1 2 acre. Detached garageshop with guest house equipped with kitchenette. Decorative brick wall surrounds property with locking priL vacy gate. $295,000.00 CONTIGUOUS LOTS CASTLE VALLEY with lovely cedar sided 2 story home of 1866 sq. ft., with 2 bedrooms and 2 baths. Perfect setup for 3290-TW- IN O horses, Large garageshop building and a large barnRV storage building. $298,000.00 HORSE PROPERTY next to Spanish Trail Arena. 1 .06 acres with horse corrals, and a large shop. 3 bedrooms, 2 baths. Property is fully fenced and has its own irrigation well. MUST SEE! $118,000.00 LARGE FAMILY HOME in nice neighborhood. This home offers 4 bedrooms, 2 baths. Nice large mature shade trees patio in back yard. This home has been well taken care of Must See! 3316-NIC- E $119,000.00 SECLUDED SOUTHWEST home situated on Long Canyon with far reaching views of 4 states. 3 bedrooms, 3 baths, and 3700 sq.ft. Cathedral ceilings, sky lights, tile counters, maple 33Q5-VER- Y 260-101- Y G frontage. $105,000.00 LAND MILLCREEK PUEBLO TOWNHOME! 2 & 3 bedrooms townhomes adjacent to Mill Creek Parkway. 20x4O heated swimming pool. Country living in the center of the city. 3 miles from famous Slick Rock Bike Trail. $123,000.00 to $144,500.00. 3291 BEAUTIFUL EVERGREEN FARM with nice 4 bedroom home, 1200 sq. ft. -- shop building, 576 sq. ft. one car garage with attached studio with bathroom, 864 sq. ft. one car garage with storage and wineroot cellar. $265,000.00. G STUCCO HOME in Old Town Moab containing 2688 sq.ft, with 5 bedrooms and two baths, and nice hardwood floors. $130,000.00 TOWNHOMEI This 3 bedroom townhome is priced far below the current pricing, mature landscaping. 20x40 heated pool. Creek flows next to property. $137,500.00 Draper Banks other four branches will remain open and will become offices of Zions Bank. e The merger is structured to be and is intended to be accounted The purfor as a chase is subject to the approval of banking regulators. Terms of the tax-fre- pooling-of-interest- O T COMMERCIAL PROPERTY complete for setting up a business and living in a beautiful homo on the same property. This 4.8 acre bath home property has a 4 bedroom, 2 with complete office suite, and two very large warehouses. All this & more $795,00 FOR LEASE! 2000' commercial building on the HWY. Large shop area with 2 bay doors and sales officeshowroom. Great for auto re8 pair, river outfitter, etc. Call Tom at (cell). $1,000.00 per month. 3318419-CITCENTER LOCATION! Perfect location for a professional plaza or your business. Zoned C-- 4 in a highly visible area across from Walkers Food 4 Fuel Store and next to the Choose one or both lots. $89,000.each. FOR A COMMERCIAL LOT7 One acre, zoned C-- 3 on S. HWY 191. All utilities available. Over 480 foot of HWY cherry custom cabinets. $390,000.00 Parkway. pin-yo- $60,000. 4 PRIME BUILDING LOTS just south of San Juan County line with water, natural gas, electricity and telephone. Modular's ok. Priced from $38,000.00 to $42,000.00. 2330-- 1 ACRE BUILDING LOTS in Spanish Valley near Ken's Lake. Quiet, beautiful location. Approx. 12 min. from town. Beautiful views in all directions. Prices start at $32,500. PIECE OF PROPERTY with views of the Blue Mountains and Temple. North west corner of property bordered by oak brush and spring run off stream. MUST SEE! Owner Financing Available! $71,225.00 FOR A NEW 2273 BUSINESS LOCATION? Monticello is the place! 2 prime lots offer 1501 of Hwy frontage located on the W. side as you come into town. Great location for RV Park 2333-2336- 274-LOOKING Restaurant, etc. $93,750. 4 $112,500. VELCAR SUBDIVISION! in wed. Electricity, gas, approved septic. Beautiful views of the La Sal Mountains and Moabs Red Rock Rims. $45,500.00 2271 --LOT 3 VELCAR SUBDIVISION! .89- - acre with 15 interest in wen. Electricity, gas, approved septic. Beautiful views of the La Sal Mountains and Moab's Red Rock Rims. $32,500.00 2272-LO- T 2.21A PARCEL JUST SOUTH, of San Juan County line where you can build storage units in close proximity to Ken's Lake and have a residence too. $53,500.00 G TIME COMING!! 10 acres located in the heart of Castle Valley. These two lots are side by side. Well, septic and studio. 3137-HERE- 'S 3073-LON- $158,000.00 MR. INVESTOR! This one acre property is zoned for high density. Would be perfect for up to approximately 18 unit apartment complex. Water 4 sewer hook ups paid for. Super access to Hwy 191. Located in the county, but dose to city. $150,000.00 ACREAGE NEAR OLD 3045-FO- R - 1 acres with 15 interest AGENTS: Randy Day, Broker Tom Sbelenberger Kristie Whipple Meredith Gauthier Tracy Taylor - - 3 7 259-566- - 259-507- Janie Tuft - 259-628259-517- 259-836- 0 4 259-669- 3 1 transaction have not been disclosed. The transaction is expected to be completed in the first quarter of next year. This merger enhances our pres- ence in the important growth areas in the sound end of the Salt Lake Valley, said A. Scott Anderson, president and chief executive officer of Zions Bank. We are impressed with Draper Banks management, employees and customer base and also with its growth and performance." Our two organizations have similar operating philosophies and we lo( k forward to a smooth merger of operations," said Anderson. This affiliation will provide Draper Bank customers with an enhanced array of products and the convenience of a statewide network of branches and ATMs. We are especially thrilled to welcome the employees of Draper Bank, each of whom will be offered positions within the Zions Bank or- ganization." Bob Daugherty, president and chief executive officer of Draper Bank, said, We believe Zions community banking approach is very compatible with our approach to our customers and employees. This merger will allow us to provide our customers a broader array of financial products and services while maintaining the community-oriented philosophy that has made us successful. Our customers can expect to continue to receive the same individual service they have become accustomed to over the past 36 years. We are proud to be a part of the Zions Bank family. Zions Bank is Utahs oldest financial institution and is the only local bank with a statewide distribution of branches, operating 120 full service branches throughout Utah. Zions Bank also operates 21 full service branches in Idaho, and more than 200 ATMs throughout Utah and Idaho. In addition to a wide range of traditional banking services, Zions offers a comprehensive array of investment, mortgage, and insurance services, and has a network of loan origination offices for small businesses nationwide. Through its subsidiary. Digital Signature Trust, the company is a leader in providing trusted Internet identity credentials. The company is also a leader in providing electronic banking services, including electronic municipal bond trading, and is the only primary government securities dealer headquartered west of the Mississippi River. Founded in 1873, Zions has been serving the communities of the Intermountain West for more than 125 years. Additional information on Zions Bank is available at www.zionsbank. com. |