Published:
West Bancorporation, Inc. Declares Regular Quarterly Cash Dividend and Announces Earnings Release Date
WEST DES MOINES, Iowa, July 17 /PRNewswire-FirstCall/ -- On July 16, 2008,
the Board of Directors of West Bancorporation, Inc. (Nasdaq: WTBA) declared a
regular quarterly cash dividend of $0.16 per share payable August 14, 2008, to
shareholders of record on July 28, 2008. As of July 16, 2008, there were
17,403,882 shares of common stock outstanding. After the payment of the
quarterly dividend, all of the Company's capital ratios, and those of its
subsidiary, West Bank, continue above the requirements to be well capitalized.
The Company will announce its earnings for the second quarter and first
half of 2008 and file the second quarter Form 10-Q before the market opens on
Thursday, July 31, 2008. A conference call to discuss earnings is scheduled
for 2:00 p.m. central time, Thursday, July 31, 2008. The telephone number for
the conference call is 800-860-2442. A recording of the call will be
available until August 8, 2008, at 877-344-7529, pass code: 415079.
West Bancorporation, Inc. is headquartered inWest 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 inIowa City, one
full-service office inCoralville, and seven full-service offices in the
greaterDes Moines area. WB Capital Management Inc., also a wholly-owned
subsidiary of West Bancorporation, Inc., has offices inWest Des Moines and
Coralville. It provides portfolio management services to retirement plans,
corporations, public funds, mutual funds, foundations, endowments, and high
net worth individuals.
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 ratio. 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," "should" or
"anticipates," 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; 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.
SOURCE West Bancorporation, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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