Under pressure from analysts to deploy excess capital, Westamerica Corp., said last week that it would repurchase 7% of its 42.7 million outstanding shares.

San Rafael, Calif.-based Westamerica was carrying a capital-to-asset ratio of about 11%. By buying back its stock, the $3.8 billion-asset bank is aiming to boost per-share earnings and its stock price, which has plunged in recent months.

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