Westamerica Bank

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Westamerica Bank
Industry Banking, Financial Services
Predecessor Independent Bankshares Corporation
Founded San Rafael, California, U.S. (1973 (1973))
Headquarters Fairfield, California, U.S.
Number of locations
90 Branches, 2 Trust Offices
Area served
Key people
David Payne (Chairman & CEO)
Revenue Increase US$ 213.7 million (2008)
Increase US$ 125.9 million (2008)
Increase US$ 95.1 million (2008)
Total assets Increase US$ 5 billion (2008)
Number of employees
1,200 (2009)
Parent Westamerica Bancorporation
Website [1]

Westamerica Bancorporation is the holding company for Westamerica Bank and its subsidiaries. The commercial and regional community bank, headquartered in Fairfield, California, has $4.7 billion in assets and more than 90 branches in Northern and Central California.

Company history[edit]

Formed in 1972 under the name of Independent Bankshares Corporation, the holding company consolidated three previously unaffiliated banks: Bank of Marin, Bank of Sonoma County, and First National Bank of Mendocino County. First National Bank of Mendocino County was and still is the oldest bank to be acquired by Westamerica, chartered in 1886. The new structure began operations in 1973 setting out to create a stronger community bank network. In 1983, the corporation and subsidiary banks changed their name to Westamerica Bank.

Since the 1970s Westamerica Bancorporation has followed a policy of slow growth acquisitions, conversions and mergers of subsidiary banks. Westamerica Bank continues to follow a policy of disciplined pricing, cost control and high credit quality standards. The current chairman and CEO, David Payne, has led the bank since 1985. His grandfather had been chairman of Vaca Valley Bank, a subsidiary bank that eventually was merged into Westamerica.

Products and services[edit]

Personal banking - Westamerica is a community bank with a focus on transaction accounts and personal service. The bank is one of the few that process credits before debits, meaning deposits are credited to accounts every business day before debits or withdrawals.

Business banking - Westamerica offers multiple checking, savings and money market account options for small businesses and corporations. The banks offers account analysis and merchant services options to its customers.

Branch locations[edit]

North Coast[edit]

Lake County (5), Mendocino County (2)

Sacramento Valley[edit]

Nevada County (2), Placer County (2), Sacramento County (3), Stanislaus County (5), Yolo County (1)

San Francisco Bay Area[edit]

Alameda County (3), Contra Costa County (5), Marin County (11), Napa County (7), San Francisco County (1), Santa Clara County (1), Solano County (4), Sonoma County (10)

San Joaquin Valley[edit]

Fresno County (14), Kern County (4), Kings County (1), Madera County (1), Mariposa County (1), Merced County (7), Tulare County (3), Tuolumne County (1)

Bank ratings[edit]

Westamerica Bank was ranked third among all banks in the United States in 2008, up from sixth in 2007.[1] This ranking was higher than any of the ten largest banks operating in the United States, including US Bank and Wells Fargo. Westamerica was rated as "the best of the bunch" by USBanker in 2009 among mid-tier banks between two and 10 billion dollars in total assets.[2] Westamerica Bank earned the highest credit rating of AAA from Fitch Ratings in 2008 and was classified as stable.[3]


External links[edit]