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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.