First Security Shareholders Say Yes, But Zions' May Not

Shareholders of First Security Corp. approved its proposed merger with Zions Bancorp Wednesday, as expected, leaving the fate of the deal up to Zions shareholders, who will vote on the deal March 31st. However, the Zions shareholder vote could be a big hurdle, since recent events have made the deal much less appealing to them, and recent comments by Zions executives put even their support of the pact in doubt. Both banks have pioneer Mormon roots and are run by predominantly Mormon management teams.

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