Three Utah businessmen have been appointed to First Security Bank of Utah's Salt Lake Advisory Board, according to L. Scott Nelson, chairman and chief executive officer.
They are Kay L. Jacobs, a 45-year career banker who founded Deseret Bancorporation, Pleasant Grove, and served as the chairman until its merger with First Security in November 1990; R. Anthony Sweet, president and chief executive officer of Sweet Candy Co.; and James Lee Sorensen, chief executive officer of Deseret Research Co., its UBTL Inc. subsidiary and DataChem Laboratories.Jacobs began his banking career with Bank of Pleasant Grove in 1946. In 1982, he created Deseret Bancorporation to merge four banks he organized or in which he held ownership or executive management position into Deseret Bank.
Sweet has been president of Sweet Candy for 10 years. He joined the company as assistant plant superintendent in 1966, was promoted to plant superintendent in 1970 and elevated to executive vice president and treasurer six years later.
Sorenson managed Ex-Cel-Cis, a division of LeVoy's Inc., while earning his bachelor's degree in accounting from the University of Utah. He later founded Seagull Laboratories and in 1981 became president and chief operating officer of LeVoy's Inc., a women's apparel manufacturer.
He was elected president of Deseret Research in 1984 and is a limited partner in Sorenson Research Park.