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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report December 28, 1999
Commission File Number 1-6906
FIRST SECURITY CORPORATION
(Exact name of registrant as specified in its charter)
State of incorporation Delaware
I.R.S. Employer Identification No. 87-6118148
Address of principal executive offices 79 South Main, P.O. Box 30006
Salt Lake City, Utah
Zip Code 84130-0006
Registrant's telephone number, including area code (801) 246-5976
Item 5. Other Information
On December 23, 1999, First Security Corporation (FSCO) issued a press release
(a copy of which is attached to this report as Exhibit A) announcing that it is
delaying the shareholder meeting scheduled for December 28, 1999 in connection
with its pending merger of equals agreement with Zions Bancorporation (NASDAQ:
ZION).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
FIRST SECURITY CORPORATION
(Registrant)
/s/ Brad D. Hardy December 28, 1999
__________________________________________________________ __________________
Brad D. Hardy Date
Executive Vice President Corporate Services,
General Counsel,
Chief Financial Officer, and
Secretary of First Security Corporation
(Principal Financial and Accounting Officer)
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EXHIBIT A
FOR IMMEDIATE RELEASE Contact: Brad D. Hardy
December 23, 1999 (801) 246-5976
Scott C. Ulbrich
(801) 246-5706
FIRST SECURITY DELAYS SPECIAL SHAREHOLDER MEETING
SALT LAKE CITY - First Security Corporation (NASDAQ: FSCO) announced today
that it is delaying the shareholder meeting scheduled for December 28, 1999 in
connection with its pending merger of equals agreement with Zions
Bancorporation (NASDAQ: ZION). The need for such delay has arisen as a result
of Zions informing us late this afternoon that it will be required to restate
its historical financial statements to reclassify certain of its 1997 and 1998
acquisitions that Zions had previously accounted for as "pooling-of-interest"
transactions as "purchase" transactions.
Spencer F. Eccles, chairman and chief executive officer of First Security
states, "The need for this restatement has caught all of us by surprise, and we
are disappointed that we will now need to delay the timing of our shareholders
meeting. We anticipate that we will be working closely with Zions over the
next several weeks to fully assess the impact of this restatement."
With $23.3 billion in assets, First Security Corporation is the second
largest independent bank holding company headquartered in the West. First
Security operates about 400 banking, insurance and investment offices in Utah,
Idaho, New Mexico, California, Nevada, Oregon and Wyoming. The corporation
also operates nearly 150 mortgage and construction lending and equipment
finance offices in 26 states, through subsidiaries First Security Bank,
CrossLand Mortgage and First Security Leasing Company. For more information on
First Security, visit www.firstsecuritybank.com.
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