ZIONS BANCORPORATION COMPLETES ACQUISITION OF FANNIE MAE AND FREDDIE MAC MULTIFAMILY BUSINESS LINE FROM BASIS INVESTMENT GROUP

Zions Bancorporation has successfully completed its acquisition of the agency lending platform of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, LLC. The transaction, announced on August 3, 2026, involves an undisclosed deal value and aims to enhance Zions' capabilities in the multifamily housing sector. This acquisition includes not only the agency lending platform but also the experienced team behind it and all associated mortgage servicing rights.

The strategic rationale behind this acquisition lies in Zions' intention to broaden its product suite and strengthen its position in the multifamily financing market. By integrating Basis' agency lending platform, Zions will gain access to the Fannie Mae DUS® program and Freddie Mac's Optigo® Conventional program. This expansion is expected to significantly enhance Zions' ability to meet the diverse financing needs of multifamily owners, operators, and developers across the United States. The addition of Basis’ experienced team is anticipated to facilitate a smoother transition and integration, leveraging their expertise to drive growth in this segment.

Zions Bancorporation, a prominent financial services company with approximately $89 billion in total assets as of December 31, 2025, has established itself as a leader in various banking sectors, including public finance advisory services and Small Business Administration lending. The acquisition aligns with Zions' commitment to supporting the development and preservation of multifamily housing, particularly in the affordable and workforce housing segments. This strategic move is consistent with the broader trends in the financial services sector, where banks are increasingly focusing on expanding their capabilities in niche markets to address evolving customer needs.

The multifamily housing sector has seen significant growth in recent years, driven by increasing demand for affordable housing solutions amid rising living costs. By acquiring Basis' agency lending platform, Zions positions itself to capitalize on this trend, enhancing its competitive edge in a market characterized by robust demand for financing options. This transaction reflects a broader trend of consolidation within the financial services industry, as firms seek to build comprehensive service offerings to better serve their clients.

In conclusion, Zions Bancorporation's acquisition of Basis Multifamily Finance I, LLC represents a strategic enhancement of its multifamily lending capabilities, allowing it to better address the financing needs of a growing market. As the demand for multifamily housing continues to rise, this acquisition is expected to contribute positively to Zions' growth trajectory and strengthen its position within the financial services landscape. The successful integration of Basis’ platform and team will be pivotal in realizing the anticipated synergies and long-term value creation for both organizations.