West Bank, a subsidiary of West Bancorporation, Inc. (Nasdaq: WTBA), has been named one of the nation’s Top 20 banks in the prestigious annual rankings by American Banker Magazine.
American Banker's renowned assessment evaluates both public and private banks, focusing on those with assets ranging from $2 billion to $10 billion. This year's ranking, based on the 3-year average return on equity as of December 31, 2022, has positioned West Bank at an impressive 18th place. West Bank was the sole Iowa or Minnesota bank to be featured in the top 20 community banks in America.
This latest recognition from American Banker adds to West Bank's growing list of national accolades. The bank has also been recognized by industry analysts Raymond James and S&P Global Market Intelligence as one of America’s top performing banks, securing a position in the top 20 across all three lists.
Dave Nelson, West Bank CEO, stated, "We are immensely proud to secure a place among the nation's top performing banks. We are a reflection of our customers and the communities we serve. West Bank is 130 years old and the oldest business of any type in West Des Moines. West Bank plans to move into our new corporate headquarters during the spring of 2024 following our redevelopment of the former blighted site."