Zions Bancorporation Completes Acquisition of Basis Investment Group's Multifamily Business Line
Zions Bancorporation (NASDAQ: ZION) has completed the acquisition of the agency lending platform from Basis Investment Group, a national commercial real estate debt and equity investment firm. The deal includes an experienced team, capabilities, and mortgage servicing rights tied to Fannie Mae's DUS® program and Freddie Mac’s Optigo® Conventional program. This expansion enhances Zions' ability to serve multifamily housing clients nationwide. Zions’ CEO Harris Simmons emphasized the strategic importance of this acquisition in supporting affordable and workforce housing development across its 11-state footprint. Tammy K. Jones, Basis founder and CEO, praised the partnership for creating long-term value through expanded financing opportunities. The transaction was advised by Zions Capital Markets and Beekman Advisors, with legal counsel from Allen Overy Shearman Sterling US LLP and Davis Polk & Wardwell LLP. Zions Bancorporation reported $89 billion in total assets as of December 31, 2025. Basis has closed over $9.2 billion in debt and equity transactions across the U.S.
Tickers: $ZION
Topics: Banking Expansion Commercial Real Estate Multifamily Housing Finance