Summary of WEST BANCORPORATION INC

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WTBA > SEC Filings for WTBA > Form 8-K on 10-Jun-2009

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Form 8-K for WEST BANCORPORATION INC

10-Jun-2009

Material Impairments

Item 2.06 Material Impairments.

West Bank, a wholly-owned subsidiary of West Bancorporation, Inc., determined on June 4, 2009, that a $4.5 million charge for impairment of a loan was required. West Bank was in the process of collecting a past due loan made to an individual who had been a customer of West Bank since 1988 when it discovered an apparent misrepresentation of assets.

West Bank does not believe any material assets will be recovered.

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