First Security Bank Of Utah Buys Foreign Exchange Ltd.
BANKS
First Security Bank of Utah recently acquired San Francisco-based Foreign Exchange Ltd., a small, independent foreign exchange trading operation. The purchase will allow the Utah-based bank to dip its small toe into the foreign exchange market.
Although the company focuses largely on servicing retail customers, a spokesperson for First Security says the acquisition will allow the bank to better service its corporate clients, "particularly importers and exporters" in the Utah region.
First
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