Westamerica Bancorporation

-6.14%

Westamerica Bancorporation is a regional bank holding company headquartered in San Rafael, California. The company operates as a parent company for its wholly-owned subsidiary, Westamerica Bank, which provides a range of banking services to individuals and businesses in Northern and Central California. Westamerica Bank has approximately 80 branches and $7 billion in assets.
The company was founded in 1884 as the Bank of West Marin in Point Reyes Station, California. It later became Westamerica Bank and merged with several other smaller banks in the area, expanding its operations throughout the state.
Today, Westamerica Bancorporation offers traditional banking services such as checking and savings accounts, mortgages, consumer and business loans, and wealth management services. It also provides online and mobile banking services to its customers.
Westamerica Bancorporation prides itself on being a community-focused bank, supporting local businesses and organizations through charitable contributions and employee volunteer programs. It has received numerous awards and recognitions for its commitment to community banking, including being named one of the "Best Banks in America" by Forbes magazine.
The company is publicly traded on the NASDAQ stock exchange under the ticker symbol WABC. It is also a member of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC).

1. History of Growth and Stability: Westamerica Bancorporation has a long history of growth and stability, with over 140 years in the banking industry. This longevity demonstrates the company's strong financial management and ability to adapt to changing market conditions.
2. Focus on Community Banking: The company focuses on community banking, providing personalized and local financial services to its customers. This approach allows the company to build strong relationships with its customers and better understand their needs.
3. Strong Financial Performance: Westamerica Bancorporation has consistently reported strong financial performance, with a track record of profitability and stable earnings. This has helped the company maintain a strong balance sheet and a solid presence in the industry.
4. Conservative Lending Practices: The company has a conservative lending philosophy, which helps reduce risk and maintain a strong credit quality portfolio. This has allowed the bank to weather economic downturns and maintain a strong financial position.
5. Commitment to Responsible Banking: Westamerica Bancorporation has a strong commitment to responsible banking, including supporting small businesses and community development initiatives. The company also supports various charitable causes in the communities it serves.
6. Technology-driven Approach: The bank has embraced technology to enhance its services and meet the evolving needs of its customers. It has invested in digital banking solutions, such as online and mobile banking, which have helped improve customer convenience and accessibility.
7. Experienced and Dedicated Team: The company's leadership team has extensive experience in the banking industry, with a deep understanding of the local markets they serve. The team's dedication to serving the community and driving the company's success is a key asset of the company.
8. Award-Winning Customer Service: Westamerica Bancorporation has received numerous awards for its exceptional customer service, including being named as one of the Best Banks to Work For by American Banker magazine. This recognition reflects the company's commitment to providing high-quality service to its customers.
9. Strong Corporate Governance: The company maintains a strong corporate governance structure, which ensures transparency and accountability. This helps build trust with shareholders and stakeholders and contributes to the company's long-term success.
10. Strategic Acquisitions: In addition to organic growth, the company has also grown through strategic acquisitions. This has allowed Westamerica Bancorporation to expand its presence in existing markets and enter new markets, further solidifying its position as a leading community bank in California.

Westamerica Bancorporation is a financial holding company that operates through its primary subsidiary, Westamerica Bank. Its business model is focused on providing banking and financial services to individuals, small and medium-sized businesses, and institutions in California.
The company's core business activities include deposit services, lending services, and trust and investment services. It generates revenue primarily through interest income from loans and investments, as well as fees for various banking and financial services.
Westamerica Bank offers a variety of deposit products such as checking and savings accounts, money market accounts, and certificates of deposit. Its lending services include commercial loans, real estate loans, consumer loans, and lines of credit.
The company also offers trust and investment services, including investment management, retirement planning, and trust services. It serves its customers through a network of approximately 90 branches and online and mobile banking platforms.
Westamerica Bancorporation's business model focuses on providing personalized and high-quality services to its customers, with a particular emphasis on small businesses and commercial clients. It also strives to maintain strong relationships with its customers and to grow its business through organic growth and strategic acquisitions.

1. Westamerica Bancorporation was founded in 1884 as the Bank of Napa Valley, making it one of the oldest banks in California.
2. The company is headquartered in San Rafael, California and has a total of 89 branches in Northern and Central California.
3. Westamerica Bancorporation is listed on the NASDAQ stock exchange under the ticker symbol WABC.
4. In 1990, Westamerica Bancorporation completed a merger with Westamerica Bancorporation, headquartered in Suisun City, California, resulting in the company’s current name.
5. The bank’s focus is primarily on serving small and medium-sized businesses, as well as personal and commercial banking customers.
6. Westamerica Bancorporation has been consistently ranked as one of the top performing banks in the United States by American Banker Magazine.
7. The company has a strong reputation for its community involvement and philanthropy, supporting various organizations and charitable causes in the communities it serves.
8. In 2018, Westamerica Bancorporation was named one of Fortune Magazine’s 100 Fastest-Growing Companies in the United States.
9. Westamerica Bancorporation has a strong presence in the agricultural industry, providing specialized banking services to farmers and other agricultural businesses.
10. The company has received numerous awards and accolades for its financial performance, corporate governance, and customer service. In 2020, Forbes Magazine ranked Westamerica Bancorporation as one of America’s Best Banks.
See Company Due Diligence: