The $1.19 billion-asset West Bancorp. Inc. of West Des Moines announced Monday that it had agreed to acquire a fixed-income manager from Amcore Financial Inc. of Rockford, Ill.
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Investors Management Group of Des Moines, the largest Iowa-based manager of pooled public funds, will become a subsidiary of West Bancorp. The deal is expected to close this quarter; the price was not disclosed.
West Bancorp. provides asset management services through its WB Capital Management Inc., which focuses on equity products. It said Investors Management, which focuses on fixed-income, will complement that business.
