Westamerica Bank Announces New Board Member

Rhea-AI Summary

Westamerica Bancorporation has appointed Inez Wondeh to its Board of Directors, enhancing its leadership team. Wondeh brings over 20 years of healthcare industry experience, previously serving as CEO of BASS Medical Group since 2019. She played a vital role in executing growth strategies at BASS, contributing to its expansion across the Bay Area. Wondeh holds degrees in Business Administration and Public Administration, and she is also the founder of the Ngozi Educational and Health Care Foundation. This strategic appointment aims to bolster the bank's growth.

Positive

• Appointment of Inez Wondeh expected to bring fresh perspectives and insights to the board.
• Wondeh's extensive experience in the healthcare industry may enhance strategic decision-making.

Negative

• Potential concerns regarding the continuity of leadership due to the new board member's different industry background.

SAN RAFAEL, Calif., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Westamerica Bancorporation announces the appointment of Inez Wondeh to its Board of Directors.

"We are pleased to add Inez Wondeh to our Board of Directors." says David L. Payne, Chairman, President and Chief Executive Officer of Westamerica Bancorporation. “Inez has over 20 years of experience in the healthcare industry and her unique background will enhance our board and contribute to our continued positive growth.”

Ms. Wondeh was named the Chief Executive Officer at BASS Medical Group in 2019. She has held several key positions in various healthcare organizations, including four years as Chief Operating Officer at BASS where she helped execute many of the company’s growth strategy shifts. BASS credits Wondeh for providing visionary leadership that inspires the highest levels of performance in the financial and operational administration of the company. She led their strategic vision in the development and expansion of one of the largest independent physician-led groups in the Bay Area, which currently includes more than 42 specialties and 200 locations.

Ms. Wondeh holds a BA in Business Administration from St. Mary’s College and a Masters of Public Administration from the University of San Francisco’s School of Management. Additionally, Ms. Wondeh is the founder and CEO of Ngozi Educational and Health Care Foundation (NEHCF). The mission of NEHCF is to provide educational and health care needs to children impacted by wars in Africa.

Westamerica Bancorporation’s wholly owned subsidiary Westamerica Bank, operates commercial banking and trust offices throughout Northern and Central California.

For additional information contact:

Westamerica Bancorporation
Robert A. Thorson, Senior Vice President and Chief Financial Officer, (707) 863-6840
E-mail: investments@westamerica.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4b26590c-1561-4fe9-80a8-12f1aae4b589

FAQ

Who is Inez Wondeh, and what is her role at Westamerica Bancorporation?

Inez Wondeh has been appointed to the Board of Directors of Westamerica Bancorporation, bringing over 20 years of experience in the healthcare sector.

What experience does Inez Wondeh bring to Westamerica Bancorporation?

Wondeh has significant experience from her role as CEO at BASS Medical Group, where she executed various growth strategies.

When was Inez Wondeh appointed to the Board of Directors of Westamerica Bancorporation?

Inez Wondeh was appointed on December 17, 2021.

What impact could Inez Wondeh's appointment have on Westamerica Bancorporation's future?

Her appointment could strengthen leadership and strategic direction, particularly in aligning with healthcare-related financial services.