West Bancorporation completes $60M offering of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2032

WEST BANCORPORATION INC

$60 million aggregate principal of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2032 issued.
Notes bear fixed 5.25% through June 15, 2027, then floating at 3-month SOFR plus 241 bps quarterly.
Issued under Indenture with Wilmington Trust as trustee; redeemable at company's option at specified prices.
Net proceeds for general corporate purposes; offering made under effective shelf registration statement.

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