Duncan-Williams and Municipal Securities announce merger agreement.MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--July 29, 1996--Duncan-Williams, Inc. (DWI An abbreviation for driving while intoxicated, which is an offense committed by an individual who operates a motor vehicle while under the influence of alcohol or Drugs and Narcotics. ) and Municipal Securities, Inc. (MSI MSI: see integrated circuit. (1) (MicroSoft Installer) See Windows Installer. (2) (Medium Scale Integration) Between 100 and 3,000 transistors on a chip. See SSI, LSI, VLSI and ULSI. ) have announced mergers of their respective firms effective Aug. 5, 1996. Both firms are regional broker-dealers established in 1969. DWI deals primarily with financial institutions, such as banks and insurance companies. MSI is a retail firm dealing with the general public. The combination of both firms will establish a stronger regional broker-dealer providing full services to institutional and retail customers. The firms will operate under DWI and Trey Fyfe, president of MSI, will become executive vice president of DWI with responsibility for sales and trading, while Duncan F. Williams will remain CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Duncan-Williams, Inc. is headquartered in Memphis (1-800-827-0827) with a branch office in Houston (1-800-266-5652). CONTACT: Duncan-Williams, Inc., Memphis Jim Pauline, 800/827-0827 |
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