As it prepares to report an anomalous quarterly loss, West Bancorp. Inc. in West Des Moines is searching for a new chief executive officer.

"We are not used to taking losses," said Jack Wahlig, the $1.5 billion-asset company's new chairman. "This was an unusual quarter for us."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.