UNITED SECURITY <UNSE> TO BUY ROBERT BROWN UNIT
United Security Financial Corp of
Illinois said it has signed a letter of intent to buy Robert
Co. Brown and Co Inc's <RCBI> MAGIC Insurance Group unit.
    Robert C. Brown and Co would receive newly issued United
Security stock. United Security said it is anticipated that
such stock would represent a substantial majority of the shares
outstanding after the merger.
    United Security's principal subsidiary is United Security
Life Insurance Co of Illinois. The MAGIC Group owns Pilgrim
Life Insurance Co of America and Middle Atlantic Life Insurance
Co.
 Reuter
