January 4, 2010 (FinancialWire) — West Bancorporation, Inc. (NASDAQ: WTBA) said it has completed the sale of WB Capital Management Inc. to Miles Capital Holdings, Inc.. The firm will operate under the name Miles Capital, Inc.

Miles Capital Holdings operates an independent asset management firm in Iowa. The firm manages cash, fixed-income and equity portfolios for institutions, municipalities and government agencies, insurance companies, banks, retirement plans, corporations, foundations, endowments and individual investors.

West Des Moines, Iowa-based West Bancorporation owns West Bank, a community bank with two full-service offices in Iowa City, one full-service office in Coralville, and eight full-service offices in the greater Des Moines area.

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