Westamerica Bancorporation Declares Quarterly Dividend and Announces Stock Repurchase Plan

Westamerica Bancorporation Declares Quarterly Dividend and Announces Stock
Repurchase Plan

SAN RAFAEL, Calif., July 24, 2014 (GLOBE NEWSWIRE) -- The Board of Directors
of Westamerica Bancorporation (Nasdaq:WABC) today declared a quarterly cash
dividend of $0.38 per share on common stock outstanding to shareholders of
record at the close of business August 4, 2014. The dividend is payable August
15, 2014.

Westamerica Bancorporation's Board of Directors also approved a plan to
repurchase, as conditions warrant, up to two million shares of the Company's
common stock on the open market or in privately negotiated transactions prior
to September 1, 2015. The repurchase plan represents approximately8 percent
of the Company's common stock outstanding as of June 30, 2014.

Chairman, President and CEO David Payne stated, "This dividend and share
repurchase program recognize Westamerica's relatively high-level of
profitability, healthy capital level, and superior asset quality."

On July 15, 2014, Westamerica reported $15.2 million in net income for the
three months ended June 30, 2014, or $0.58 diluted earnings per common share.

Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica
Bank, operates banking and trust offices throughout Northern and Central

Westamerica Bancorporation Web Address: www.westamerica.com


The following appears in accordance with the Private Securities Litigation
Reform Act of 1995:

This press release may contain forward-looking statements about the Company,
including descriptions of plans or objectives of its management for future
operations, products or services, and forecasts of its revenues, earnings or
other measures of economic performance. Forward-looking statements can be
identified by the fact that they do not relate strictly to historical or
current facts. They often include the words "believe," "expect," "anticipate,"
"intend," "plan," "estimate," or words of similar meaning, or future or
conditional verbs such as "will," "would," "should," "could," or "may."

Forward-looking statements, by their nature, are subject to risks and
uncertainties. A number of factors — many of which are beyond the Company's
control — could cause actual conditions, events or results to differ
significantly from those described in the forward-looking statements. The
Company's most recent reports filed with the Securities and Exchange
Commission, including the annual report for the year ended December 31, 2013
filed on Form 10-K and quarterly report for the quarter ended March 31, 2014
filed on Form 10-Q, describe some of these factors, including certain credit,
interest rate, operational, liquidity and market risks associated with the
Company's business and operations. Other factors described in these reports
include changes in business and economic conditions, competition, fiscal and
monetary policies, disintermediation, legislation including the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2011, the Sarbanes-Oxley Act
of 2002 and the Gramm-Leach-Bliley Act of 1999, and mergers and acquisitions.

Forward-looking statements speak only as of the date they are made. The
Company does not undertake to update forward-looking statements to reflect
circumstances or events that occur after the date forward looking statements
are made.

CONTACT: Westamerica Bancorporation
         Robert A. Thorson - SVP & Chief Financial Officer

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