Concord to Provide First Security Bancorp

With Third-Party Wealth Management Solutions

Matawan, NJ- July 17, 2007 – Concord, a leader in outsourced wealth management solutions, has agreed to provide First Security Bancorp of Searcy, Arkansas with comprehensive third-party wealth management solutions for its fee-based advisory programs.

As First Security’s wealth management business grew in recent years, its support operations became increasingly complex, explained Richard Trumpler, Chief Executive Officer of Concord’s Banking Services Group. “After an exhaustive review of third-party wealth management platforms, First Security decided that Concord was best-equipped to enhance its technology and augment its product platform,” he said.

 

According to Lee Mackey, First Security’s Head of Wealth Management, “Concord offered the high level of customization and flexibility that we sought, and their extensive experience in the banking industry will make them a particularly valuable partner.”

 

Mr. Mackey noted that Concord’s platform enables First Security to construct client portfolios via a wide range of unaffiliated and in-house investment products and a sophisticated asset allocation model.

“By choosing Concord, First Security will continue to retain and attract high-quality wealth managers and take their business to another level,” added Mr. Trumpler.


About Concord

Concord helps financial services organizations compete at a high level in the growing, fee-based investment advisory business by providing clients with a comprehensive wealth management platform that can be fully-customized and quickly brought to market, at a reasonable cost. Concord works with clients to integrate their service and product strengths into their own, proprietary private labeled technology platform that respects and reflects their brand. Concord’s clients represent a wide range of financial organizations, including trust companies, banks, broker/dealers, clearing firms, insurance companies and independent advisory firms.


About First Security Bancorp
First Security Bancorp is a Searcy, Arkansas-based, privately held financial services holding company. Supported by more than $240 million in total capital and over $2 billion in assets, First Security Bancorp has the ability to meet financing needs from $1 to over $100 million. With more than 900 employees covering locations throughout the state, the company offers solutions for the financial needs of individuals, businesses and the public sector.

For further information, please contact Holly Hankins, 732.335.0800 ext. 9719, h.hankins@concordwealthmanagement.com