WEST BANCORPORATION INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Item 2. PROPERTIES
The corporate office of the Company is located in the main office building of West Bank, at 1601 22 nd Street in West Des Moines, Iowa, 50266. West Bank leases its main banking office, along with additional office space for operational departments. West Bank operates ten branch offices in addition to its main office. Four branch offices in the Des Moines, Iowa, metropolitan area are leased. Three of these branch offices are full-service locations, while one is a drive-up only, express location. West Bank also leases one full-service branch office in Owatonna, Minnesota. West Bank owns five full-service branch offices in Coralville and Waukee, Iowa, and Rochester, St. Cloud and Mankato, Minnesota. We believe each of our facilities is adequate to meet our needs.
In November 2023, the Company completed construction of a new office for its Mankato, Minnesota branch. At that time, the previously leased location was vacated.
West Bank is constructing a new corporate headquarters which is scheduled to open on April 15, 2024, at its new address of 3330 Westown Parkway, West Des Moines, Iowa 50266. Upon moving to the new corporate headquarters, our current headquarters will be vacated, which will coincide with its lease expiration.
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