To: All Media
From: First Security Inc.
Date: August 16, 2007
First Security Inc., announced today the execution of a definitive agreement to acquire Warrick Loan and Savings Company of Boonville, Indiana. This acquisition is the first transaction for First Security Inc., the bank holding company for First Security Bank of Owensboro, KY.
"This is an exciting time for our company, not only as our first acquisition but a transaction that affords us the opportunity to expand into some attractive markets in Indiana. We are equally pleased to welcome many of the shareholders of Warrick Loan and Savings, not the least of which is the Weyerbacher family, who have a rich heritage in banking in Southwestern Indiana," comments M. Lynn Cooper, President and CEO of First Security Inc.
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