1st Security Gets Nod To Buy Idaho Bank

BOISE, Idaho - First Security Bank of Idaho said it has received approval from the Office of the Comptroller of the Currency to acquire First National Bank of North Idaho.

First Security, a subsidiary of First Security Corp. of Salt Lake City, agreed to exchange 0.69236 share of its stock for each First National share on the date the merger is completed, probably in the first quarter of 1992.

First National, based in Coeur D'Alene, would add $160 million in assets to its acquirer's $2.5 billion.

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