West Bancorporation declares special dividend
On Nov. 17, the board of directors of West Bancorporation Inc. declared a special cash dividend of 5 cents per common share payable Dec. 20 to shareholders of record on Nov. 29. David Milligan, board chairman, said consistent profits during the past five quarters, as well as an ongoing reduction in nonperforming assets, allowed the company to pay the dividend. As of Nov. 17, 17,403,882 shares of common stock were outstanding. West Des Moines-based West Bancorporation is the parent company of West Bank, a community bank with offices in Iowa City, Coralville and Greater Des Moines.