Before the two men left, however, they had bolstered First Security's position by acquiring Deseret National Bank during a 1932 bank panic in Salt Lake City.
First Security Bank was chartered in 1932 in Searcy, Arkansas, under the name of Security Bank.
He left Utah in early 1934 to accept the position, then later that year was appointed to the Federal Reserve Board and designated its chairman by President Franklin D. Roosevelt.
1935: Officially acquired our first branch office in Marble Rock.
Late 1940: The bank's ownership passed hands from Ellis and Ellis to Ralph Zastrow, E.L. (Jim) Wallaser, W.A. Herbrechtsmeyer, and Merten J. Klaus.
By 1965, roughly 15 years into the post-war economic expansion, First Security maintained $650 million in deposits, nearly double what it held in the previous decade.
In 1966, the name was officially changed to First Security Bank.
Five years later, in 1970, the bank's deposits had increased to $865 million.
First Security Bank first opened its doors in downtown Missoula in 1972.
Quickly though, First Security's fortunes were reversed, engendered by the collapse of the region's natural resource-based economy and brought to light by the death of George Eccles in 1982.
Against this backdrop, Spencer Eccles announced First Security's 1985 earnings, yet another disappointing result.
Four years later, in 1986, First Security's rebound still had not materialized, and, if anything, the bank's financial condition had worsened.
On April 2nd, 2001, First Security Bank opened its new facility in Trimble, Missouri.
In 2004, First Security opened its first branch in Little Rock on Cantrell Road.
2009: In 2009, First Security Bank & Trust merged with First State Bank of Nora Springs and First State Bank of Riceville, all members of the bank's holding company.
First Security has over $4 billion in assets and over 900 employees working in 72 locations throughout the state in 2014.
2015: In June, First Security installed the first Interactive Teller Machines in Charles City.
After December 4, 2015 both banks would do business under the name First Security Bank & Trust.
In December 2016, First Security closed its Meservey and Swaledale offices.
© 2017 First Security Bank - Missouri.
© 2022 First Security Bank.
|Company Name||Founded Date||Revenue||Employee Size||Job Openings|
|First United Bank||1900||$296.0M||1,707||145|
|First State Insurance, LLC||1906||$15.0M||100||11|
|Bank of the Ozarks||1903||$854.7M||2,315||127|
|North American Savings Bank||1927||$113.3M||463||10|
|Citizens National Bank (henderson, Tx)||-||$85.8M||107||8|
|Founders Federal Credit Union||1950||$200.0M||520||24|
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First Security Bank may also be known as or be related to First Security Bancorp, First Security Bancorp, Inc. (Kentucky) and First Security Bank.