Westamerica Bancorp. bought back the remaining preferred shares sold to the Treasury Department in February, becoming the latest banking company to redeem its funding under the Troubled Asset Relief Program.

Just more than one-third of the $205 billion injected into banks has been repaid so far, largely by the biggest companies that got aid. Westamerica got $83.7 million and repaid half in September.

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.