Westamerica assumes control of Sonoma Valley Bank

Regulators shut down troubled Sonoma Valley Bank on Friday, the latest in a growing line of banks across the country to crumble under the weight of bad loans. The Sonoma-based bank’s three branches will reopen Saturday under an agreement brokered by regulators with Westamerica Bank, which is assuming Sonoma Valley’s assets and liabilities.

For more, go to: http://www.pressdemocrat.com/article/20100820/BUSINESS/100829935/1036?Title=Regulators-shut-down-Sonoma-Valley-Bank

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