Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date
of Report (Date of Earliest Event Reported):
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October
1, 2009
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West
Bancorporation, Inc.
__________________________________________
(Exact
name of registrant as specified in its charter)
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Iowa
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0-49677
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42-1230603
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1601
22nd Street, West Des Moines, Iowa
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50266
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
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515-222-2300
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Not
Applicable
______________________________________________
Former
name or former address, if changed since last report
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
8.01 Other Events.
On
October 2, 2009, West Bancorporation, Inc. issued a press release announcing the
entry into a definitive agreement for the sale of its wholly-owned subsidiary,
WB Capital Management Inc. (“WB Capital”) to Miles Capital Holdings, Inc.
(“Miles Capital”). The transaction is expected to close by December
31, 2009. Miles Capital is owned by David Miles, who has been named
president and chief executive officer of WB Capital for the transition period
prior to the close of the transaction.
Item
9.01 Financial Statements and Exhibits.
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Exhibit
No.
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Description
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99
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Press
Release of West Bancorporation, Inc. dated October 2,
2009.
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The
information contained in this report may contain forward-looking statements
about the Company’s growth and acquisition strategies, new products and
services, and future financial performance, including earnings and dividends per
share, return on average assets, return on average equity, efficiency ratio and
capital ratios. Certain statements in this report constitute
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements preceded by, followed by or
that include the words “believes,” “expects,” “intends,” “should,” or
“anticipates,” or similar references or references to estimates or similar
expressions. Such forward-looking statements are based upon certain
underlying assumptions, risks and uncertainties. Because of the
possibility of change in the underlying assumptions, actual results could differ
materially from these forward-looking statements. Risks and
uncertainties that may affect future results include: interest rate risk;
competitive pressures; pricing pressures on loans and deposits; changes in
credit and other risks posed by the Company’s loan and investment portfolios,
including declines in commercial or residential real estate values or changes in
the allowance for loan losses dictated by new market conditions or regulatory
requirements; actions of bank and non-bank competitors; changes in local and
national economic conditions; changes in regulatory requirements, including
actions of the Securities and Exchange Commission and/or the Federal Reserve
Board; changes in the Treasury’s Capital Purchase Program; and customers’
acceptance of the Company’s products and services. The Company
undertakes no obligation to revise or update such forward-looking statements to
reflect current events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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West Bancorporation,
Inc. |
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October 2,
2009
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By:
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Douglas R.
Gulling |
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Name: Douglas R.
Gulling |
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Title: Executive Vice
President and Chief Financial Officer |
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Exhibit
Index
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Exhibit
No.
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Description
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99
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Press
Release of West Bancorporation, Inc. dated October 2,
2009.
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