How it started
History
Zion's Savings Bank & Trust Company was established by the LDS Church in July 1873 to take over the savings department of the Deseret National Bank, the fourth attempt at creating a national bank in Utah, incorporated in 1868. It opened for business on October 1, 1873 and received $5,876 in deposits from 46 depositors. Brigham Young, LDS Church president, was the bank's first president, and the bank was intended to encourage immigration to Utah and further the financial interests of the church.
During the Panic of 1893, the bank managed to remain solvent despite difficulties.
Salt Lake Gas Company (later Mountain Fuel Supply Company and then Questar Gas)
The Panic of 1907 was the lone interruption in the steady growth of Zions. However, deposits grew from $2 million in 1901 to $9 million in 1918.
Great Depression
From Wikipedia’s article on Zions Bank, shared under CC BY-SA 4.0.2
