First Security Corp. has selected Shaw Systems Associates Inc., Houston, to supply its commercial, consumer, and flooring loan accounting systems. First Security, based in Salt Lake City, has assets of $11.7 billion and 260 branches in six states.

First Security plans to install the commercial loan system in the first quarter of 1995, the consumer loan system in the second quarter, and the flooring system in the third quarter. Shaw will work with Formation Technologies Inc. of Denver, integrating its products to allow loan documentation completed on personal computers to be uploaded electronically to the mainframe.

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