Morgan J. Evans has been named president and chief administrative officer of First Security Corp., succeeding Robert T. Heiner, who announced he will retire April 30, concluding a 40-year career with the multistate bank holding company based in Salt Lake City.
Evans, 53, is currently executive vice president and chief financial officer of the company. He will become the sixth president in First Security Corp.'s 62-year history.To effect a "smooth management transition," First Security Chairman Spencer F. Eccles said Heiner, 66, would continue on the corporation's executive committee as well as the advisory boards of both the Salt Lake and Northern divisions.
Heiner is also listed on the First Security's proxy statement as a candidate for reelection as a director of the corporation at the annual meeting scheduled for April 29.
Evans will continue as the corporation's chief financial officer until a successor is announced. He will also be elected to the boards of First Security Bank of Utah, First Security Bank of Idaho and First Security Bank of Rock Springs, Wyo., and continue to serve as a director of First Security Service Co., First Security Bank of Oregon, First Security Discount Brokerage, First Security Insurance Inc., and First Security Leasing Co.
Eccles praised Heiner as "a First Security mainstay for 40 years and my right-hand man for the last dozen of them. He has had a truly outstanding career and will be genuinely missed by all of the
business community . . . "
Evans, a 28-year veteran of the company, was termed by Eccles a "driving force in accelerating our move into computer automation, in pioneering our strategic planning effort and in developing our corporate financial information services. A good deal of the success we have achieved under our new structure has been a result of the foresight and administrative skills Morgan has demonstrated."
Evans is a graduate of Brigham Young University in mathematics. He also completed post-graduate study and graduated from the American Bankers Association Business of Banking School. He is a past director and chairman of the Plus System Inc. automated teller system.
A longtime resident of Lehi, Evans and his wife, the former Charlyn Thorne, have four children.
Heiner has been with First Security since 1951, when he started with the bank in Ogden as a bookkeeper. Over the years he held numerous positions within the corporation, becoming president and CEO in 1986.
Heiner is past president and director of the Utah Bankers Association and was named Banker of the Year in 1989. He was a member of the governing council of the American Bankers Association.
He is former chairman of the Weber State College Institutional Council and received an honorary doctor of humanities degree from Weber State in 1984. A lifelong resident of Ogden, he and his wife, the former Betty Bramwell, have four children.