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8-K - FORM 8-K - WEST BANCORPORATION INC | form8-k.htm |
EX-10.1 - EXHIBIT 10.1 - WEST BANCORPORATION INC | ex10-1.htm |
Exhibit
99
WEST
BANK CHOOSES NEW LEADER
WEST DES
MOINES, IA., March 8, 2010 – The Board of Directors of West Bancorporation, Inc.
(NASDAQ: WTBA), parent company of West Bank, has elected Des Moines native
Dave Nelson as Chief Executive Officer and President effective April 1,
2010. Nelson will also serve as Chairman and Chief Executive Officer
of West Bank.
Nelson
has more than 25 years experience in commercial banking with a strong background
in credit administration and relationship building. He most recently
served as President, Southeast Minnesota Business Banking and President, Wells
Fargo Bank Rochester in Rochester, MN.
“The
Board conducted an extensive selection process,” said Jack Wahlig, Chairman of
West Bancorporation, Inc. “Dave’s depth of experience and familiarity
with the Central Iowa market provides a perfect fit for our bank’s culture, our
customers, our shareholders and the communities we serve.”
“I am
looking forward to joining a very talented and dedicated team with such a rich
heritage as West Bank,” said Nelson. “There is also something very
special about returning to your home town.”
In
addition to his extensive professional expertise, Nelson has been an active
participant in many community organizations. He is a past board
member of the Rochester Area Chamber of Commerce, the Olmsted County United Way,
and the Rochester Community and Technical College Foundation. He has
also served as Chair of the Olmsted Medical Center Board of
Trustees. For his dedication to the community, Nelson received the
Mayor’s Medal of Honor for Community Leadership in 2004.
Dave
Nelson graduated from Drake University in 1983 with a bachelor's degree in
marketing and received his MBA from Drake the following year. Dave
and his wife Kathie Nelson (formerly Kathie Lenc), who is also a Des Moines
native, have two teenage children.
For more
information contact:
David
Milligan, Chief Executive Officer (515) 222-2397
About
West Bancorporation
West
Bancorporation, Inc. is headquartered in West Des Moines, Iowa. Serving Iowans
since 1893, West Bank, a wholly-owned subsidiary of West Bancorporation, Inc.,
is a community bank that focuses on lending, deposit services, and trust
services for consumers and small- to medium-sized businesses. West Bank has two
full-service offices in Iowa City, one full-service office in Coralville, and
eight full-service offices in the greater Des Moines area.