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First Security Corporation

Industry	Banking
Founded	Ogden, Utah, U.S. (June, 1928)
Headquarters	Salt Lake City, Utah, United States
Area served	Western United States
Key people	Marriner Stoddard Eccles, (Co-founder) George S. Eccles, (Co-founder, CEO)
Products	Retail banking Investment banking Commercial banking Mortgages

First Security Corporation was a multistate bank holding company in the western United States, primarily in Utah, Idaho, New Mexico, Oregon, Nevada, and Wyoming. Headquartered in Salt Lake City, Utah, First Security merged with Wells Fargo in 2000.

History

David Eccles, who emigrated to Utah from Scotland in 1863 had a founding interest in Utah International, which was later inherited by Marriner and George Eccles. The two sons, together with Marriner A. Browning, expanded their financial interests to 17 banks and a building and loan company, later brought under one holding company, First Security Corporation, in June 1928.

In 1932, First Security acquired Deseret National Bank, which was originally founded in 1871 by Brigham Young. It then moved its headquarters from Ogden to Salt Lake City.

In 2000, First Security was absorbed into Wells Fargo, with First Security stockholders receiving 0.355 of a share of Wells Fargo common stock in exchange for each share of First Security common stock.

References

1. http://www.fundinguniverse.com/company-histories/First-Security-Corporation-Company-History.html
2. Wells Fargo & Company and First Security Corporation Merger Press Release

v t e Wells Fargo
History
Founders	Henry Wells William Fargo
Board of directors	Charles Scharf (CEO) Charles Noski (chairman) Steven Black Mark A. Chancy Celeste A. Clark Theodore F. Craver Wayne M. Hewett Donald M. James Maria R. Morris Richard B. Payne Juan A. Pujadas Ronald L. Sargent Suzanne M. Vautrinot
Divisions	Wells Fargo Advisors Wells Fargo Bank Wells Fargo Financial Wells Fargo Home Mortgage Wells Fargo Insurance Services Wells Fargo Securities
Historical components	Abbot-Downing Company ABD Insurance & Financial Atlantic National Bank A. G. Edwards Bache & Co. Bank of Baltimore Bank of North America Bowles Hollowell Conner & Co. Century Bank CoreStates Financial Crocker National Bank Evergreen Investments Fidelity Trust First Commerce Bancshares First Interstate Bancorp First National Bank (Philadelphia) First Pennsylvania Bank First Security First Union Florida National Bank Garden State National Bank Georgia Railroad Bank Golden West Financial Halsey, Stuart & Co. National Bank of Alaska Norwest Prudential Securities Southeast Bank SouthTrust United States National Bank of San Diego Wachovia Wachovia Securities
Former components	Allspring Global Investments H.D. Vest Pamlico Capital Tillie the All-Time Teller
Buildings	One Wells Fargo Center Wells Fargo Center (Denver) Wells Fargo Center (Jacksonville) Wells Fargo Center (Los Angeles) Wells Fargo Center (Minneapolis) Wells Fargo Center (Portland, OR) Wells Fargo Center (Sacramento) Wells Fargo Center (Salt Lake City) Wells Fargo Center (Seattle) Wells Fargo Place Wells Fargo Plaza (El Paso) Wells Fargo Plaza (Houston) Wells Fargo Plaza (Phoenix) Wells Fargo Center (Philadelphia) Wells Fargo Tower (Birmingham) Wells Fargo Tower (Colorado Springs) Duke Energy Center
History	Águila Blanca (heist) History of Wells Fargo Wells Fargo cross-selling scandal
Category [REDACTED] Commons [REDACTED] Wikiversity

• Defunct banks of the United States
• Banks established in 1928
• Banks disestablished in 2000