LEXINGTON, Ky. - First Security Corp. of Kentucky said the jobs of 109 employees, 13% of its 873 workers, will be terminated as a result of the Aug. 22 merger of First Security banks with Bank Once of Lexington.

"It is not possible for the new, combined bank to absorb and fully employ all the current employees of both First Security and Bank One Lexington," the company said. "It is necessary, then, for us to address duplication of staff and work responsibilities as well as phase out some positions which are not needed after the affiliation."

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