Westamerica Bancorp (WABC) to Buyback Up To 2M Shares
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Westamerica Bancorporation (NASDAQ: WABC) announced that its Board has approved a plan to repurchase up to 2 million shares of the Company's common stock on the open market or in privately negotiated transactions from time to time prior to September 1, 2009.
The repurchase plan represents approximately 6.9 percent of the Company's common stock outstanding as of July 28, 2008, as reported on the Company's most recent Form 10-Q filed with the SEC on July 31, 2008. This plan replaces the existing two million-share stock repurchase program, under which 777 thousand shares remained available to purchase as of June 30, 2008.
Westamerica Bancorporation operates as the holding company for Westamerica Bank that provides various banking services to individuals and corporate customers in northern and central California.
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