United Security Bancorp. of Spokane, Wash., announced last week that it would buy Bancwest Financial Corp. of Walla Walla, Wash., for $33 million in stock.

United Security would trade about 4.7 shares of its common stock for each share of Bancwest, which is privately held.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.