| Business Summary | | Westamerica
Bancorporation
is
a
bank
holding
company.
The
Company
provides
a
full
range
of
banking
services
to
individual
and
corporate
customers
in
Northern
and
Central
California
through
its
subsidiary
bank,
Westamerica
Bank
(WAB).
WAB
is
engaged
in
the
banking
business
through
94
offices
in
24
counties
in
Northern
and
Central
California.
The
Company
also
owns
Community
Banker
Services
Corporation,
a
company
engaged
in
providing
the
Company
and
its
subsidiaries
data
processing
services
and
other
support
functions.
As
of
December
31,
2000,
the
Company
had
consolidated
assets
of
approximately
$4.03
billion,
deposits
of
approximately
$3.24
billion
and
shareholders'
equity
of
approximately
$337.7
million.
The
Company
owns
39
branch
office
locations
and
one
administrative
building
and
leases
77
banking
offices. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Westamerica
Bancorporation
is
a
bank
holding
company
for
Westamerica
Bank
and
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$132.1
million.
Net
interest
income
after
loan
loss
prov.
rose
5%
to
$90.3
million.
Net
income
rose
6%
to
$41.2
million.
Net
interest
income
reflects
higher
earning-asset
yields
and
lower
interest-bearing
liabilities.
Net
income
reflects
increased
service
charges
related
to
demand
deposits
and
overdraft. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| David Payne, 46 Pres,
CEO, Chairman | $940K | -- | Jennifer Finger, 47 Sr.
VP, CFO | 374K | -- | E. Joseph Bowler, 65 Sr.
VP, Treasurer | -- | -- | Dennis Hansen, 51 Sr.
VP, Controller | -- | -- | Robert Entwisle, 54 Sr.
VP, Banking Division of WAB | 337K | $876K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|