I'm LongbridgeAI. Here is the key information I extracted- Other banks such as EBC, BKU, and CBSH also fell by at least 5%, while Zions Bancorp announced a $60 million reserve and a $50 million provision due to legal actions in the banking sector. …
The component stock Zions Bancorp fell by 6.27%, California Bank fell by 6.19%, EBC, BKU, CBSH, ONB, TEBI, FIBK, FLG, FNH, FFBC all fell by at least 5%, UBSI fell by 2.9% ranking second in performance, and CFR also fell by 2.64%. Previously, Zions Bancorp stated that it would record a reserve of $60 million and would accrue $50 million. The company announced that it is aware of the legal actions taken by the banking industry and lenders.
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