USBNUnited States Business Network (e-commerce; Chelmsford, MA)
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USBN subsidiaries have opened new bank branches in West Yakima, the Tri-Cities, and the University City Rosauer's Market in the Spokane Valley since last July.
And, we will continue to evaluate additional, appropriate partners to join the USBN banking family.
2000 was a `clean-up' period for USBN, with a number of nonrecurring items booked in the fourth quarter and year 2000," noted Wes Colley, president and chief executive officer.
acquisition, USBN will have a total of 26 community bank branches -- 25
2000 is a `clean-up' period for USBN as we eliminate some non-productive investments and businesses, and look at overall efficiency," Colley said, "Unfortunately, such efforts usually bring short term hits to the bottom line before paying off in long-term improvements.
Emery, former president and chief executive officer of Pacific One Bank based in Kennewick, WA, joined USBN on November 3, 1997.
With nonbanking subsidiaries turning in positive performances, the efficiency ratio for the entire USBN organization was just 54.
USBN currently has a total of fifteen branch offices.
Colley was President of Bank of the West when it merged with USBN and became President of the holding company June 1, 2000.