In Brief: Shareholders Approve Merger in California

Shareholders of $2.5 billion-asset Westamerica Bancorp. and $1.3 billion-asset Vallicorp Holdings, Fresno, have ap-proved the merger of the 2 companies.

More than 98% of Westamerica shares and 97% of Vallicorp shares voted approved the deal.

State regulators have already approved the merger, but approval is still pending from the Federal Reserve Board. The stock transaction is expected to close in the second quarter.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER