Zions Bancorporation to Acquire Fannie Mae and Freddie Mac Business Line from Basis Investment Group

March 23, 2026 - 20:30

Zions Bancorporation has entered into a definitive agreement to acquire the agency lending business line from Basis Investment Group. This strategic move is designed to significantly enhance Zions' capabilities in the government-sponsored enterprise (GSE) lending sector, specifically for loans intended for sale to Fannie Mae and Freddie Mac.

The acquisition will integrate Basis Investment Group's established agency lending platform, including its operational team and existing pipeline, directly into Zions Bank's existing Commercial Real Estate division. This integration is expected to provide immediate scale and expertise, allowing Zions to offer a more comprehensive suite of financing solutions to its commercial clients nationwide.

Company executives stated that the transaction aligns with their strategy to grow fee-based revenue and strengthen key business lines. By bringing this specialized operation in-house, Zions aims to improve execution and service for developers and investors seeking agency financing for multifamily and other qualifying commercial properties. The deal, which is subject to customary closing conditions, is anticipated to be finalized in the coming months. Financial terms of the agreement were not publicly disclosed.