Pacific State Bank has agreed to acquire four branches from Fresno-based Vallicorp Holdings, which is scheduled to be bought by rival Westamerica Bancorp., San Rafael.

The four branches have $17.5 million of deposits in all. The $55 million-asset Pacific State would pay a "reasonable" premium on deposits, according to Vallicorp's president and chief executive, J. Mike McGowan.

The branches were part of a group of 13 that $1.3 billion-asset Vallicorp had planned to close before its merger with $2.5 billion-asset Westamerica.

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