Westamerica Bancorporation.
WABC.US | Other monetary intermediation
Westamerica Bancorporation is a bank holding company with assets in excess of $6 billion. It operates primarily in Northern and Central California, providing a range of banking services to individuals and businesses. These services include deposit accounts, loans (commercial, real estate, and consum...Show More
Better Health for All
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Westamerica Bancorporation's core business is banking, which generally has no direct positive or negative health impact.
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The company's products and services do not have direct safety implications, nor do they involve health-related products requiring accessibility considerations, health risks disclosures, or R&D focused on health outcomes. While the company supports organizations like the Golden Valley Health Centers Foundation
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and Middletown Senior Citizens, Inc.
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, which provide healthcare services and support, these are external initiatives and not part of the bank's core business model or direct health equity programs. There is no quantitative data on the scale of indirect health effects from its operations or any mitigation efforts.
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The company does not engage in healthcare workforce development, preventative health, health data management, health crisis response, mental health initiatives, pharmaceutical patents, nutrition, health education, addiction mitigation, or clinical trials.
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Fair Money & Economic Opportunity
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No specific, quantitative evidence was found in the provided articles to assess Westamerica Bancorporation against any of the KPIs for Fair Money & Economic Opportunity.
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The articles primarily contain financial performance data and general statements about community involvement without specific metrics related to underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion, or product simplicity.
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Fair Pay & Worker Respect
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As of December 31, 2023, the ratio of CEO total annual compensation to median employee total annual compensation was 16.63:1.0.
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Employees are not represented by a collective bargaining unit.
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As of December 31, 2020, 189 out of 712 full-time equivalent staff were part-term and on-call employees, representing approximately 26.5% of the workforce.
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The company provides a comprehensive benefits package that includes company-paid or subsidized medical, dental, term-life, accidental death and dismemberment, long-term disability, and employee assistance programs.
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Fair Trade & Ethical Sourcing
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Westamerica Bancorporation (WABC.US) is a bank holding company providing financial services. As a financial institution, its core business model does not involve the procurement or trade of physical commodities, nor does it have a supply chain that typically requires fair-trade certifications, welfare or sourcing audits, or exposure to upstream labor practices related to physical goods. Consequently, KPIs related to fair trade certifications, supplier audit frequency, forced/child labor incidents, supply chain traceability, remediation speed for sourcing violations, ethical sourcing clauses in contracts, and high-risk materials are not applicable to its operations based on the available evidence.
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No information was provided regarding supplier diversity spend.
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Honest & Fair Business
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The company has a formal whistleblower policy outlined in its Code of Conduct, detailing procedures for submitting written, confidential, and anonymous complaints to the Audit Committee Chairperson, and includes protection for employees accused of wrongdoing.
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An anti-corruption and anti-bribery policy is also in place, citing the FCPA and outlining prohibited gifts, payments, and conflicts of interest, with exceptions.
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The company's internal control over financial reporting was deemed effective as of December 31, 2020, and its financial statements received an unqualified opinion from independent external auditor Crowe LLP for the period.
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Kind to Animals
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Westamerica Bancorporation (WABC.US) is a service-oriented bank, providing financial services.
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Its core business model does not involve physical products, animal testing, animal husbandry, animal-derived ingredients, or direct impact on wildlife habitats.
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Crueltyfreeinvesting.org lists WABC as a company with "No Animal Exploitation."
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Therefore, all KPIs related to animal welfare, testing, sourcing, and conservation are not applicable to the company's operations.
No War, No Weapons
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No evidence available to assess Westamerica Bancorporation on No War, No Weapons.
Planet-Friendly Business
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No specific, quantifiable evidence was found across the provided articles to score any of the Planet-Friendly Business KPIs. The articles consistently state 'No relevant data' or 'N/A' for environmental metrics such as emissions, renewable energy use, water consumption, waste diversion, green building certifications, and climate-related targets or disclosures. While one article mentioned the company's principal electricity supplier uses 100% greenhouse gas-free energy, this is not explicitly defined as renewable energy and therefore cannot be scored against the 'pct_renewable_energy' KPI.
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Respect for Cultures & Communities
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No evidence available to assess Westamerica Bancorporation on Respect for Cultures & Communities.
Safe & Smart Tech
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The company's user data control is limited, allowing users to change email addresses for online banking and bill pay, but requiring direct contact for other modifications.
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For data breach severity, no material cybersecurity incidents were reported in 2023.
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The company's policies explicitly address compliance with the California Consumer Privacy Act (CCPA) and mention adherence to applicable federal and state laws.
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Zero Waste & Sustainable Products
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No specific data on waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education was found in the provided articles for Westamerica Bancorporation.
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