First Security Van Kasper Names Roberta Cleary Executive Vice President - Director Of Syndicate

SAN FRANCISCO, Feb. 11, 2000 (PRIMEZONE) -- First Security Van Kasper (FSVK) today announced the appointment of Roberta D. Cleary to the position of Executive Vice President and Director of Syndicate.

Ms. Cleary will be responsible for all firm underwriting and approving all transactions effected by FSVK. She will report to Jon Merriman, Executive Vice President and Senior Managing Director of Equity Capital Markets.

Prior to joining FSVK, Ms. Cleary was Vice President, Equity Capital Markets for 13 years at Chase H & Q, formerly Hambrecht and Quist. She attended Brookdale College in Lincroft, New Jersey where she received a BA degree.

Van Kasper, President of FSVK, said "We are very pleased to have Ms. Cleary join the FSVK team to which she brings a wealth of experience. Together with our current resources, she will be a valuable asset to the FSVK organization."

Ms. Cleary said, "I am excited to have the opportunity to join FSVK and look forward to making a substantial contribution to the firm's underwriting department. FSVK has a great team and I am extremely proud to be part of it."

First Security Van Kasper, founded in 1978, is an investment banking, private client and institutional brokerage firm with offices in San Francisco, Los Angeles, San Jose, Fresno, Walnut Creek, Sacramento, San Diego and Newport Beach, California and Phoenix, Arizona. Last year, the company became a subsidiary of Salt Lake City-based First Security Corporation (Nasdaq:FSCO). Following the pending merger of First Security Corporation with Zions Bancorporation, First Security Van Kasper and Black & Company will be part of the nation's 20th largest bank holding company and the second largest bank holding company in the west, with assets of $40 billion.

First Security Van Kasper is ranked among the top West Coast firms in terms of number of transactions and total dollars raised in public offerings of common stock, convertible securities and fixed-income instruments. The firm also places securities privately, advises clients on merger and acquisition transactions and performs valuation services. Through its investment management subsidiary, Van Kasper Advisors, the company manages assets for corporations, retirement plans, trusts, fiduciaries, financial institutions and individuals.


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