Nelson to Join American Bankers Association Board of Directors
West Bancorporation, Inc. (Nasdaq: WTBA) announced that Dave Nelson, its Chairman & CEO, has joined the American Bankers Association (ABA) Board of Directors.
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Rhea-AI Summary
West Bancorporation, Inc. (Nasdaq: WTBA) announced that Dave Nelson, its Chairman & CEO, has joined the American Bankers Association (ABA) Board of Directors. Nelson, who previously served on the Iowa Bankers Association Board and its Chair, will begin a three-year term starting October 2021. The ABA represents banks of all sizes in the U.S. This leadership role underscores Nelson's commitment to the banking industry.
West Bancorporation operates West Bank, focusing on lending and deposit services in Iowa and Minnesota, with a history dating back to 1893.
Positive
- Dave Nelson's appointment to the ABA Board may enhance his influence and West Bank's visibility in the banking sector.
- Strengthened leadership might lead to improved strategic direction and networking opportunities.
Negative
- Potential concerns about continuity in leadership at West Bank due to Nelson's additional commitments.
Details
News Market Reaction – WTBA
The recorded move for WTBA in the trading session of this news was +3.87%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WEST DES MOINES, Iowa, Sept. 27, 2021 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA; the “Company”), parent company of West Bank, announced that Dave Nelson, Chairman & CEO of West Bank, will be joining the American Bankers Association (ABA) Board of Directors. The American Bankers Association is the banking industry’s National Trade Association representing banks of all sizes across America.
Nelson previously served on the Iowa Bankers Association Board of Directors for several years, including serving in the role of Chairman. Nelson has also served on several ABA committees. Nelson is one of six bankers from across the nation joining the ABA Board of Directors for a 3 year term that begins in October 2021.
About West Bancorporation, Inc. (Nasdaq: WTBA)
West Bancorporation, Inc. is headquartered in West Des Moines, Iowa. Serving customers since 1893, West Bank, a wholly-owned subsidiary of West Bancorporation, Inc., is a community bank that focuses on lending, deposit services, and trust services for consumers and small- to medium-sized businesses. West Bank has seven offices in the Des Moines, Iowa metropolitan area, one office in Coralville, Iowa, and four offices in Minnesota in the cities of Rochester, Owatonna, Mankato and St. Cloud.
For more information contact:
Doug Gulling, Executive Vice President, Treasurer and Chief Financial Officer (515) 222-2309
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