WEST BANCORPORATION INC : Change in Directors or Principal Officers (form 8-K)
February 07, 2023 at 05:11 pm EST
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 6, 2023, Michael J. Gerdin informed West Bancorporation, Inc. (the
Company) that he will not stand for re-election to the Company's Board of
Directors (the Board) at the Company's 2023 annual meeting of shareholders,
scheduled to be held on April 27, 2023. Mr. Gerdin has been a member of the
Board since 2013 and will continue to serve as a member of the Board until the
2023 annual meeting. Mr. Gerdin also serves as a member of the Compensation
Committee. Mr. Gerdin's decision not to stand for re-election to the Board was
not a result of any disagreement with the Company pertaining to the Company's
operations, policies or practices. Mr. Gerdin also resigned from the West Bank's
Board, with concurrent effect.
West Bancorporation, Inc., is a financial holding company. The Company owns West Bank (the Bank), which is a business-focused community bank. The Bank provides full-service community banking and trust services to customers. The Bank offers range of credit to its customers, including commercial, real estate, and consumer loans. It also offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. The Company operates in the markets, including central Iowa, which is generally the greater Des Moines metropolitan area; eastern Iowa, which includes the area surrounding Iowa City and Coralville, and southern Minnesota, which includes the cities of Rochester, Owatonna, Mankato, and St. Cloud. The Bank offers a full range of deposit services, including checking, savings and money market accounts and time certificates of deposit. It also offers online banking, mobile banking, and treasury management services.
WEST BANCORPORATION, INC. 