.
                                                                               .
                                                                               .

                                   EXHIBIT 21

                                  SUBSIDIARIES



                 Name                         Operating Name              Ownership %  State of Incorporation
- -----------------------------------  -----------------------------------  -----------  ----------------------
                                                                              
West Bank                                       West Bank                    100%               Iowa

WB Capital Management Inc.                     VMF Capital                   100%               Iowa

West Bancorporation Capital Trust I  West Bancorporation Capital Trust I     100%             Delaware

Investors Management Group, Ltd.                   IMG                       100%               Iowa