Las Vegas Sun

November 10, 2009

Currently: 60° | Complete forecast | Log in

Bank posts record profit

Tuesday, July 20, 1999 | 11:08 a.m.

SALT LAKE CITY -- First Security Corp. reported a record profit of $68.8 million or 35 cents per share in the second quarter, up $5.7 million or 3 cents per share from the year-ago quarter.

The 1998 quarter comparison does not include acquisition charges of $7.2 million for First Security's purchase of a California bank.

Total assets for the bank at the end of the quarter were $22.1 billion, up 14.34 percent from the year ago quarter.

First Security, which operates a network of banks in Nevada, is being acquired by Zions Bancorporation of Salt Lake City, owner of Nevada State Bank. The combined bank will be named First Security.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 10 Tue
  • 11 Wed
  • 12 Thu
  • 13 Fri
  • 14 Sat

All events on Tuesday »