ROCK SPRINGS, Wyo. -- First Security Bank of Wyoming signed a letter of intent to acquire Star Valley State Bank of Afton, Wyo. Terms were not disclosed.
The buyer, a unit of First Security Corp., said Star Valley will merge into First Security Bank of Wyoming.
Star Valley has assets of $60 million and deposits of $55 million, and had net income of $985,000 in 1992.
First Security said closing is expected in the third quarter of 1994.