David Payne Biography and Net Worth

Mr. David L. Payne is Chairman of the Board, President and Chief Executive Officer of the Company. He was appointed Chairman in 1988 and Chief Executive Officer in 1989 and is Chairman of the Executive Committee. Mr. Payne is also Chairman, President CEO of Westamerica Bank. He brings to the Board strong leadership and a vision for the future. He has a thorough knowledge of the banking industry, manages regulatory and business development issues, and has extensive financial and accounting expertise. Mr. Payne possesses excellent management, strategic development and business skills. Since Mr. Paynes appointment as Chairman of the Board, Westamericas dividends per share have risen twelvefold and capital levels have increased tenfold. Total assets have quadrupled during his tenure and net income has risen by a multiple of 15. Return on equity was 11.3 percent for the year ended December 31, 2018. Mr. Payne has successfully negotiated and led the Company through many mergers including John Muir National Bank, Napa Valley Bancorporation, PV Financial, CapitolBank Sacramento, North Bay Bancorp, ValliCorporationrationHoldings, First Counties Bank, Kerman State Bank, Redwood Empire Bancorp, County Bank, and Sonoma Valley Bank. Mr. Payne also manages his family printing, publishing and cable television business.