First Security Corp. said Thursday that it would buy back up to 3.7 million, or about 2%, of its common shares.
The banking company said the repurchase would "facilitate" its pending purchase of Van Kasper & Co., a San Francisco-based investment bank that agreed on Sept. 23 to sell to First Security for $100 million. That transaction is scheduled to close in January. However, First Security said there would be no time limit to complete the stock buyback program.
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