Zions Bancorporation to Acquire Basis Investment Group's Agency Lending Business

Zions Bancorporation has agreed to acquire the agency lending business of Basis Multifamily Finance I from Basis Investment Group. The deal will expand both companies' multifamily lending capabilities. Zions will gain access to Basis' multifamily lending platform and Basis will gain access to Zions' national origination platform. The partnership aims to increase the companies' market share in the multifamily lending market.