California's Westamerica Bancorp. announced it will close 12 branches of newly acquired Vallicorp Holdings in addition to the two already scheduled to shut. If approved, the closings would culminate a 47% reduction in Vallicorp's branch network.

The Fresno-based bank had shut eight offices between the announcement of the Westamerica deal and its completion last Saturday, and another five have been or are being sold.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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