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Westamerica Bancorp. to repurchase up to 1.75 million common shares

The board of San Rafael, Calif.-based Westamerica Bancorp. authorized a plan to repurchase up to 1,750,000 of the company's common shares.

The buyback plan represents about 6.6% of the company's outstanding common shares as of June 30.

The repurchases may be made on the open market or in privately negotiated transactions prior to Sept. 1, 2019.