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News Breaks | | | | October 30, 2012 | | 12:07 EDT |  | FSGI | First Security adopts tax benefits preservation plan
First Security Group announced that its board of directors adopted a tax benefits preservation plan designed to preserve the value of certain of the Company's deferred tax assets primarily associated with net operating loss carryforwards, NOLs, under Section 382 of the Internal Revenue Code. The company intends to seek stockholder approval of the plan at its 2013 Annual Meeting of Stockholders. | |
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