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United States

West Bancorporation Inc (WTBA.O)

WTBA.O on Nasdaq

19.00USD
26 Jul 2016
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Summary

Name Age Since Current Position

David Nelson

54 2010 President, Chief Executive Officer,Director,President ,Chairman, Chief Executive Officer of West Bank

David Milligan

67 2010 Independent Chairman of the Board

Robert Pulver

67 2009 Independent Vice Chairman of the Board

Douglas Gulling

61 2011 Chief Financial Officer, Executive Vice President; Director and Chief Financial Officer of West Bank

Harlee Olafson

57 2011 Executive Vice President, Chief Risk Officer of the Company and West Bank

Brad Winterbottom

58 2011 Executive Vice President; President, Director of West Bank

Frank Berlin

69 1995 Independent Director

Joyce Chapman

70 2009 Independent Director

Steven Gaer

54 2011 Independent Director

Michael Gerdin

45 2013 Independent Director

Kaye Lozier

69 2009 Independent Director

Sean McMurray

47 2013 Independent Director

George Milligan

58 2005 Independent Director

James Noyce

59 2009 Independent Director

Lou Ann Sandburg

66 2011 Independent Director

Philip Worth

43 2013 Independent Director

Biographies

Name Description

David Nelson

Mr. David D. Nelson is President, Chief Executive Officer, Director of West Bancorporation, Inc., He has served as a director of West Bank since 2010. Mr. Nelson joined the Company on April 1, 2010, as Chief Executive Officer and President and as Chairman and Chief Executive Officer of West Bank. Mr. Nelson has more than 30 years of experience in commercial banking. Prior to joining the Company, he was the President of Southeast Minnesota Business Banking and President of Wells Fargo Bank Rochester in Rochester, Minnesota. He has strong backgrounds in customer relationship building, credit and leadership development.

David Milligan

Mr. David R. Milligan is Independent Chairman of the Board of West Bancorporation, Inc. He has served as a director of West Bank since 2000. Mr. Milligan has served as Chairman of the Company since April 2010. Mr. Milligan joined West Bank in 1980 and served in various capacities, including General Counsel. He retired as Executive Vice President of the Company and as Chairman and Chief Executive Officer of West Bank on December 31, 2004. He served as a director of the Company from 2002 through 2004, and as Vice Chairman of West Bank until December 2006. He was a self-employed attorney and “Of Counsel” with Ahlers & Cooney, P.C. of Des Moines, Iowa, from March 2007 through February 2009. Mr. Milligan resumed part-time employment with West Bank in February 2009 and full-time employment in May 2009. Mr. Milligan was elected interim Chief Executive Officer of the Company and interim Chief Executive Officer and Chairman of West Bank in July 2009 and served in those positions until April 1, 2010. He then served as Executive Vice President of West Bank from April 1, 2010 through April 30, 2010. He has extensive knowledge of bank regulatory matters, loan portfolio management and corporate governance.

Robert Pulver

Mr. Robert G. Pulver is an Independent Vice Chairman of the Board of West Bancorporation, Inc., since July 2009. He has served as a director of West Bank since 1981. He also served as Vice Chairman of the Board from July 2009 until April 2014. Mr. Pulver is the President and Chief Executive Officer of All-State Industries, Inc., an industrial rubber products manufacturer, which he founded and has operated for 39 years.

Douglas Gulling

Mr. Douglas R. Gulling is Chief Financial Officer, Executive Vice President of West Bancorporation, Inc., and Director and Chief Financial Officer of West Bank, a subsidiary of West Bancorporation, Inc. He is Executive Vice President (since 2004) and Chief Financial Officer (since 2001) of the Company. He was a member of the Company's Board from 2009 through April 2011. He also serves as a director (since 2005) and Chief Financial Officer (since 2002) of West Bank. Mr. Gulling is a Certified Public Accountant (inactive) and has been employed in the banking industry since 1979.

Harlee Olafson

Mr. Harlee N. Olafson is an Executive Vice President, Chief Risk Officer of West Bancorporation, Inc., and Executive Vice President, Chief Risk Officer of West Bank, a subsidiary of West Bancorporation, Inc. He also serves as a director of West Bank (since 2011). Mr. Olafson has more than 35 years of experience in commercial banking. Prior to joining the Company, he was President, Southern Minnesota Business Banking and President, Wells Fargo Bank Mankato in Mankato, Minnesota. He has strong business development, credit and team building backgrounds.

Brad Winterbottom

Mr. Brad L. Winterbottom is an Executive Vice President of West Bancorporation, Inc., and President, Director of West Bank, a subsidiary of West Bancorporation, Inc. He is Executive Vice President of the Company (since 2006) and director and President (since 2000) of West Bank. He was a director of the Company's Board from 2009 through April 2011. He joined West Bank in 1992 and has served as an executive and policy maker since 1998. He has extensive experience in commercial lending and loan portfolio administration, and knowledge of the central Iowa business community. Mr. Winterbottom has been employed in the banking industry since 1981.

Frank Berlin

Mr. Frank W. Berlin is an Independent Director of West Bancorporation, Inc., since 1995. He has served as a director of West Bank since 1995. Mr. Berlin is a consultant and former President of Frank W. Berlin & Associates, a West Des Moines company specializing in employee benefits. He also has extensive knowledge and experience with executive compensation programs.

Joyce Chapman

Mrs. Joyce A. Chapman is an Independent Director of West Bancorporation, Inc., since 2009. She has served as a director of West Bank since 1975. Mrs. Chapman served as an officer of West Bank from 1971 until she retired as Executive Vice President in 2006. During her career at West Bank, she served in a variety of capacities, covering virtually all aspects of bank administration and operation. Mrs. Chapman is also a board member of the public company American Equity Investment Life Holding Company of West Des Moines, Iowa. She has extensive knowledge and experience with bank practices and procedures.

Steven Gaer

Mr. Steven K. Gaer is an Independent Director of West Bancorporation, Inc., since 2011. He has served as a director of West Bank since 2011. Mr. Gaer is Chief Operating Officer and General Counsel for R&R Realty Group, central Iowa's largest commercial real estate development, management and investment company. He has extensive knowledge of commercial real estate structuring, financing and underwriting. He is also currently serving as the Mayor of the City of West Des Moines, Iowa; a position he has held since April 2007. Mr. Gaer is also serving on the following boards: Greater Des Moines Partnership; Regional Economic Development Board; Metropolitan Planning Organization; and the County Assessor Boards for Polk, Dallas, Madison and Warren counties.

Michael Gerdin

Mr. Michael J. Gerdin is an Independent Director of West Bancorporation, Inc., since 2013. He has served as a director of West Bank since 2013. Mr. Gerdin is the Chairman and Chief Executive Officer of Heartland Express, Inc., which is a publicly traded company that is a short-to-medium haul truckload carrier with corporate headquarters in North Liberty, Iowa. From 1998 to 2001, he was President of A&M Express, a wholly-owned subsidiary of Heartland Express. In 2001, Mr. Gerdin was appointed as Vice President of Regional Operations, and in 2006 he was appointed as President of Heartland Express, Inc. He became Chairman and Chief Executive Officer in 2011. Mr. Gerdin has familiarity with the eastern Iowa business community and has extensive experience in a public company environment.

Kaye Lozier

Mrs. Kaye R. Lozier is an Independent Director of West Bancorporation, Inc., since 2009. She has served as a director of West Bank since 2005. Mrs. Lozier is the Director of Donor Relations for the Community Foundation of Greater Des Moines. She is involved in the Des Moines area, serving on the Executive Committee of Restoration Ingersoll.

Sean McMurray

Mr. Sean P. McMurray is an Independent Director of West Bancorporation, Inc., since 2013. He has served as a director of West Bank since 2013. Mr. McMurray currently serves as Chief Executive Officer of AgSolver, Inc., a technology company. Mr. McMurray founded DataVision Resources and served as the Chief Executive Officer for 15 years until DataVision Resources was acquired by Equifax, Inc. in 2011. Mr. McMurray served as a Senior Vice President at Equifax, Inc. until May 2013. Mr. McMurray also currently serves as the Chairman of SmartyPig, LLC. Previously, he was the Chief Technology Officer of SmartyPig, LLC and was principally responsible for managing the integration with SmartyPig, LLC partner banks. This included satisfying all regulatory and compliance issues, monitoring risk and security during and after integration, and designing accounting and tax solutions for the financial aspects of SmartyPig, LLC. He has also helped to build and design the business platform for Businessolver, LLC, where he serves as an owner and board member. Mr. McMurray has extensive knowledge about technology relevant to the financial services industry.

George Milligan

Mr. George D. Milligan is an Independent Director of West Bancorporation, Inc., since 2005. He has served as a director of West Bank since 1994. Mr. Milligan is President of the Graham Group, Inc., a Des Moines, Iowa-based real estate development and investment company. He has extensive knowledge of commercial real estate financing and underwriting. He is also a board member of the public company United Fire & Casualty Company of Cedar Rapids, Iowa.

James Noyce

Mr. James W. Noyce CPA is an Independent Director of West Bancorporation, Inc. He has served as a director of West Bank since 2009. Mr. Noyce has nearly three decades of experience in the financial services industry, most recently as Chief Executive Officer of FBL Financial Group, Inc., a publicly traded financial services company, and Farm Bureau Financial Services Companies from January 2007 through April 2009, and Chief Financial Officer from January 1996 through December 2006. Prior to that, Mr. Noyce held various positions with FBL Financial Group, Inc. and Farm Bureau Financial Services Companies, including Controller and Vice President. He served on the Advisory Committee to Farm Bureau Bank for approximately seven years until May 2009. Mr. Noyce served as the Senior Advisor and Major Gifts Officer for Drake University Athletics from August 2009 to November 2010. Mr. Noyce is a board member of the public company United Fire & Casualty Company of Cedar Rapids, Iowa. He is an audit committee financial expert and serves as Chair of the Audit Committee. Mr. Noyce is a Certified Public Accountant (inactive), a Fellow of the Casualty Actuarial Society and an Associate of the Society of Actuaries.

Lou Ann Sandburg

Mrs. Lou Ann Sandburg is an Independent Director of West Bancorporation, Inc., since 2011. She has served as a director of West Bank since 2011. Mrs. Sandburg served as Vice President of Investments at FBL Financial Group, Inc., a publicly traded financial services company, from 1998 until her retirement in 2008. From 1980 through 1998, Mrs. Sandburg managed various fixed-income portfolios at FBL Financial Group, Inc. Mrs. Sandburg is a chartered financial analyst.

Philip Worth

Mr. Philip Jason Worth is an Independent Director of West Bancorporation, Inc. He has served as a director of West Bank since 2011. Mr. Worth grew up in West Des Moines, Iowa, and has been working in the family business, Gilcrest/Jewett Lumber Company since 1999. Gilcrest/Jewett Lumber Company was founded in 1856, and Mr. Worth represents the sixth generation of ownership. The company supplies building materials to general contractors and homeowners in central and eastern Iowa and employs 230 people at four retail locations. The company focuses on building strong, lasting relationships, extending and managing its own credit, and staying active in the communities it serves. Mr. Worth has extensive knowledge of and familiarity with the real estate construction business in the Company's primary markets.