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Zions affiliate acquires California counties adviser

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Financial advisers Kelling, Northcross & Nobriga, an affiliate of Zions Bancorp. based in Oakland, Calif., said Wednesday it has acquired the assets and the municipal finance advisory business of Leifer Capital, also a financial advisory firm located in California.

Terms of the deal were not disclosed.

"Our strategy in providing public finance advisory services throughout the Western United States emphasizes personalized service by bankers who live and work in the region they serve, while offering the substantial financial backing and market position of a large regional national bank," said Larry Denham, senior vice president and manager of Zions Bank Public Finance.

Leifer Capital has served as financial adviser to some 10 California counties and related special districts.