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Ascent Bancorp closes First Security Bank of Helena purchase

Ascent Bancorp completed the acquisition of Helena, Mont.-based First Security Bank of Helena from F.S.B. Holding Co., the Helena Independent Record reported.

Ascent Bancorp will retain the First Security Bank brand name,as well as the target bank's workers, according to the news story. This is the firstdeal for Ascent Bancorp.

Paul Caruso Jr., chairman, president and CEO of First SecurityBank of Helena, and Phil Johnson, CFO, retired upon the finalization of the deal,the news outlet added.

Tom McGree serves as COO of Ascent Bancorp.