First Security Corp. will acquire Las Vegas-based Continental Bancorp. and its two subsidiaries, Continental National Bank and Continental Trust Co., under an agreement announced this week.
Terms of the acquisition were not disclosed.Continental Bancorp. was formed last year to acquire Continental National in an exchange of stock. At the end of the year, the bank holding company had assets of $183.4 million, deposits of $172.5 million and loans of $109.4 million.
Continental National Bank was founded in 1983.
View Comments
The merger, subject to government regulatory approvals, is expected to be completed by the end of the year.