Miles Capital Holdings, Inc. Completes Purchase of WB Capital Management Inc. From West Bancorporation, Inc.

WEST DES MOINES, IA--(Marketwire - December 31, 2009) - West Bancorporation, Inc. (NASDAQ: WTBA) announced today that it has completed its previously announced sale of WB Capital Management Inc. (WB Capital) to Miles Capital Holdings, Inc. (Miles Capital). The firm will operate under the name Miles Capital, Inc.

Commenting on the acquisition, David Miles, President and Chief Executive Officer for Miles Capital Holdings, Inc. said, "We are delighted to complete this acquisition and look forward to serving the asset management needs of our current and future clients. To be able personally to return to this business is both gratifying and exciting for me."

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