United Security Completes Purchase

Wed., July 22, 1998

United Security Bancorporation has completed the $10 million purchase of Grant National Bank following approval by shareholders and regulators.

Grant, with branches in Ephrata and Moses Lake, will retain its name, staff and separate board of directors.

The bank becomes the fourth owned by Spokane-based United Security, which also operates United Security Bank in Spokane, Home Security Bank in Sunnyside, and Bank of Pullman.

Together, the banks have 26 branches, although plans call for two branches in Moses Lake to be consolidated.

Terms of the transaction, first announced in March, call for Grant National shareholders to receive 14 shares of United Security stock for each share of Grant National they own.

Grant National had $32 million in assets when the deal closed.

United Security President Richard Emery said the transaction would cause a slight dilution of earnings in 1998, but add to earnings during 1999.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

United Security Completes Purchase

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Todd Blanche confirmed by Senate as attorney general

Joe Biden’s cancer has spread, Hunter Biden says

Funding patch passes Senate to head off fall shutdown