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An investor group led by Jason Awad will acquire a majority stake in Las Vegas-based First Security Bank of Nevada ($106.1 million), according to an interagency notice of change in control recently obtained by SNL.
The group will inject about $14 million in capital into the bank, as calculated by SNL using the share count of 37,142,442 common shares and the 37.6-cent-per-share price associated with...