On April 26, 2018, the Board of Directors of West Bancorporation, Inc. held its annual organizational meeting and accepted David R. Milligan's request to step down from his role as Chairman of the company. James W. Noyce was elected as the new Chairman. The composition of the standing committees of the Board was reviewed, updated and approved and is in effect until the next annual organizational meeting, which is expected to be held on April 25, 2019. The approved members of the standing committees are as follows: Audit Committee: Steven T. Schuler, Chair; David R. Milligan; James W. Noyce; Philip Jason Worth. Compensation Committee: Steven K. Gaer, Chair; Michael J. Gerdin; Sean P. McMurray. Nominating and Corporate Governance Committee: George D. Milligan, Chair; Kaye R. Lozier; Robert G. Pulver. Risk Management and Information Technology Committee: Sean P. McMurray, Chair; Lou Ann Sandburg; Steven T. Schuler.
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.