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
Date of Report (Date of Earliest Event Reported): June 4, 2009
West Bancorporation, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Iowa | | 0-49677 | | 42-1230603 |
| _____________________ | | _____________ | | ______________ |
| (State or other jurisdiction | | (Commission | | (I.R.S. Employer |
| of incorporation) | | File Number) | | Identification No.) |
| 1601 22nd Street, West Des Moines, Iowa | | 50266 |
| _________________________________ | | __________ |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: 515-222-2300
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 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.
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.
| | West Bancorporation, Inc. |
| | | |
| June 10, 2009 | | |
| | | By: Douglas R. Gulling |
| | | Name: Douglas R. Gulling |
| | | Title: Executive Vice President and Chief Financial Officer |
