ZIONS CAPITAL MARKETS APPOINTS VINCE TOYE TO LEAD NEWLY ACQUIRED AGENCY MULTIFAMILY LENDING PLATFORM

Zions Capital Markets (ZION) has appointed Vince Toye as Managing Director, Head of Agency Multifamily Lending, following the close of its acquisition of the agency lending platform of Basis Multifamily Finance I, LLC.

Rhea-AI Summary

Zions Capital Markets (ZION) has appointed Vince Toye as Managing Director, Head of Agency Multifamily Lending, following the close of its acquisition of the agency lending platform of Basis Multifamily Finance I, LLC. He assumed the role on August 31 and is tasked with building the agency business and its service capabilities within the Real Estate Capital Markets division.

The acquisition brings Basis’s agency lending team, capabilities, and all associated mortgage servicing rights to Zions, broadening its Real Estate Capital Markets line of business. It extends Zions’ direct lending activities via participation in the Fannie Mae DUS® program and Freddie Mac’s Optigo® Conventional program. Toye reports to David Auerbach, Head of Real Estate Capital Markets, and previously held senior community development and multifamily lending roles at JPMorgan Chase and Wells Fargo.

Market Context

The Aug 03 completion recorded a 1.64% 24-hour reaction, linking this appointment to the same Basis ...

Analysis

The Aug 03 completion recorded a 1.64% 24-hour reaction, linking this appointment to the same Basis agency lending platform and its newly added Fannie Mae and Freddie Mac program access.

Key Figures

Role effective date: August 31

Role effective date

August 31

Managing Director, Head of Agency Multifamily Lending

Previous Acquisition Reports

2 past events · Latest: Aug 03

Same Type 2 events

1. Aug 03

   acquisition completion

   24h Move

   +1.6%

   Completed the same Basis agency lending platform acquisition now followed by leadership appointment.

2. Mar 23

   acquisition agreement

   24h Move

   +2.1%

   Announced the same Basis agency lending transaction later completed and staffed by Toye.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

mortgage servicing rights, commercial mortgage-backed securities, government-sponsored enterprise, cdfis

4 terms

mortgage servicing rights financial

"all associated mortgage servicing rights"

Mortgage servicing rights are the contractual right to collect mortgage payments, manage escrow accounts, handle customer service and delinquency actions on a pool of home loans, in exchange for a portion of the loan’s payments. They matter to investors because their value behaves like a revenue stream that can rise or fall with interest rates and borrower behavior — similar to owning a toll bridge where income depends on traffic volume and maintenance costs — and thus affect a lender’s earnings and risk profile.

commercial mortgage-backed securities financial

"commercial mortgage-backed securities conduit platform"

A commercial mortgage-backed security (CMBS) is a bundle of loans on office buildings, malls, hotels, apartments or other income-producing properties sold as tradable bonds; investors receive portions of the loan payments and bear the risk if borrowers default. Think of it like slicing a building’s mortgage into many pieces and selling those slices to different buyers—important to investors because CMBS offer regular income and yields but are sensitive to property occupancy, local market conditions and interest rates, which affect potential returns and losses.

government-sponsored enterprise financial

"Government-Sponsored Enterprise originations team"

A government-sponsored enterprise is a financial company created by law to make borrowing easier for public priorities, such as housing or agriculture; it operates like a private business but has a government charter and public mission. For investors, that mix matters because these firms often receive special oversight and perceived government support, which can lower perceived risk and affect yields, similar to buying a bond from a firm that has a safety net.

cdfis financial

"provide financing for CDFIs"

CDFIs are Community Development Financial Institutions: specialized lenders and financial organizations that provide loans, investments, and financial services to under-served communities and small businesses that often cannot get traditional bank financing. They matter to investors because they can offer access to niche markets, mission-driven impact opportunities, and sometimes government-backed support or tax incentives, while carrying unique credit and liquidity risks compared with mainstream banks.

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SALT LAKE CITY, Sept. 16, 2026 /PRNewswire/ -- Zions Capital Markets, a subsidiary of Zions Bancorporation, N.A. (Nasdaq: ZION), has appointed Vince Toye as Managing Director, Head of Agency Multifamily Lending, following the close of its acquisition of the agency lending platform of Basis Multifamily Finance I, LLC.  He assumed the role effective August 31 and is focusing on building the agency business and its service capabilities within the Real Estate Capital Markets division.

"Vince is a fantastic match with our vision to expand Zions Capital Markets' capabilities and deliver exceptional services in the commercial real estate market," said Michael MacDonald, Head of Zions Capital Markets. "His leadership and expertise, combined with our new agency lending capabilities, position us to deliver comprehensive capital solutions tailored to our clients' needs."

Zions' recent acquisition of Basis brings in the agency lending platform's experienced team, capabilities, and all associated mortgage servicing rights, creating a more robust Real Estate Capital Markets line of business. The acquisition extends Zions' direct lending activities by augmenting its product suite, including a well-established commercial mortgage-backed securities conduit platform, through participation in the Fannie Mae DUS® program and Freddie Mac's Optigo® Conventional program. Under the guidance of Mr. Toye, Agency Multifamily Lending will enhance Zions Capital Markets' ability to meet the financing needs of multifamily owners, operators, and developers nationwide.

Mr. Toye reports to David Auerbach, Head of Real Estate Capital Markets, and joins Zions Capital Markets from JPMorgan Chase, where he served as Managing Director, Head of Community Development Banking, Agency and Off Balance Sheet Lending. His team achieved record results in its work to promote and expand affordable housing and provide financing for CDFIs.

Prior to JPMorgan Chase, Mr. Toye served with Wells Fargo as Executive Vice President and Group Head for Community Lending and Investment. Previously, as Head of Production for Wells Fargo Multifamily Capital, he managed the Government-Sponsored Enterprise originations team, increasing production and overseeing the bank's relationships with Fannie Mae and Freddie Mac.

About Zions Capital Markets
Zions Capital Markets is the trade name for the capital markets and investment banking activities of Zions Bancorporation, N.A, and its divisions and subsidiaries. For more information and important disclosures please visit www.zionscapitalmarkets.com.

About Zions Bancorporation
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2025, and annual net revenue of $3.4 billion in 2025. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com.

Contact
Jennifer Johnston
(801) 844-7112

 

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SOURCE Zions Bancorporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Zions acquire from Basis Multifamily Finance I, LLC?

Zions acquired the agency lending platform of Basis Multifamily Finance I, LLC, including the platform’s experienced team, its capabilities, and all associated mortgage servicing rights, to strengthen its Real Estate Capital Markets line of business.

Which agency programs will Zions’ expanded platform participate in?

The expanded agency lending platform will participate in the Fannie Mae DUS® program and Freddie Mac’s Optigo® Conventional program, augmenting Zions’ existing product suite.

To whom does Vince Toye report in his new role at Zions?

In his role as Managing Director, Head of Agency Multifamily Lending, Vince Toye reports to David Auerbach, Head of Real Estate Capital Markets at Zions Capital Markets.

What relevant experience does Vince Toye bring to Zions Capital Markets?

Vince Toye joins Zions Capital Markets from JPMorgan Chase, where he was Managing Director, Head of Community Development Banking, Agency and Off Balance Sheet Lending, leading a team that achieved record results in affordable housing and CDFI financing. Previously, he held senior roles at Wells Fargo, including Executive Vice President and Group Head for Community Lending and Investment, and Head of Production for Wells Fargo Multifamily Capital, managing Government-Sponsored Enterprise originations and relationships with Fannie Mae and Freddie Mac.

What is the stated focus of the new Agency Multifamily Lending unit under Vince Toye?

Under Vince Toye’s guidance, Agency Multifamily Lending will focus on building the agency business and service capabilities within Real Estate Capital Markets and enhancing Zions Capital Markets’ ability to meet the financing needs of multifamily owners, operators, and developers nationwide.