WESTAMERICA BANCORPORATION

Westamerica Bancorporation (NASDAQ: WAFD) operates as a bank holding company providing comprehensive banking services through its subsidiary, Westamerica Bank, a California-chartered commercial bank. The company's website is www.westamerica.com.

The company serves individual and commercial customers across Northern and Central California, with a strategic focus on the banking needs of small businesses. Westamerica Bank's service territory spans from Mendocino, Lake, and Nevada Counties in the north to Kern County in the south, with approximately 29 percent of the loan portfolio concentrated in California's Central Valley region. The company maintains consolidated assets of approximately 6.0 billion dollars, deposits of approximately 4.8 billion dollars, and shareholders' equity of approximately 934 million dollars as of December 31, 2025.

Westamerica Bancorporation employs 627 employees, comprising 608 full-time equivalent staff members. The company offers a full range of banking products and services including loans, deposits, and investment services. Real estate serves as the principal source of collateral for approximately 68 percent of the company's loan portfolio, reflecting the importance of real estate lending to its business model.

The company was incorporated in California in 1972 as Independent Bankshares Corporation through a reorganization of three previously unaffiliated Northern California banks. Throughout its history, Westamerica has grown through strategic acquisitions, including five bank acquisitions during the early to mid-1990s, the acquisition of ValliCorp Holdings in 1997, three additional bank acquisitions between 2000 and 2005, and the acquisition of banking operations from two failed banks in 2009 and 2010. The company also owns 100 percent of Community Banker Services Corporation, which provides data processing services and support functions to the company and its subsidiaries.

Westamerica Bancorporation's competitive advantages include its deep roots in California banking, experienced management team, focus on small business lending, and established presence across Northern and Central California markets. The company maintains strong regulatory capital ratios exceeding applicable minimum requirements and operates as an accelerated filer with the Securities and Exchange Commission.