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Overview / Commentary
1601 22nd Street
West Des Moines, IA 50266

West Bank is headquartered in West Des Moines and is the 6th largest bank in the state of Iowa. It is also the 440th largest bank in the nation. It was established in 1893 and as of March of 2017, it had grown to 164 employees at 12 locations. West Bank has an A health rating.

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Reviews (1)

Bank Review: West Bank (Iowa)

Posted by: 51hh | Jun 18, 2010

We opened three "Reward Me" Checking Accounts when the RCA was nationally available with the (4.5%, $50K) offer.  This is a very friendly bank with excellent customer service.  A VP opened our accounts and followed through the entire process, she is also personally available to answer our additional questions.  The no-pin debit card requirement is reasonable (to reduce fraud).  They have recently upgrade their website as well as their BillPay system, the BillPay system is the best set that many top-notvh banks (e.g., Danversbank, Rockland FCU) employ.  The turn-around for their BillPay is pretty short and absolutely reliable. 

They lowered their interest rate and limit several months ago, now (4.0% APY, $30K) and restrict applicants to Iowa residents only.  We moved our fund out of the WB Accounts (to seek higher rates), but still keep the three accounts open in case their rate becomes competitive in the future.


- Ease of account opening

- Generous on debit card transactions (multiple charges with small amounts are perefctly fine!)

- Excellent BillPay feature

- Good customer service


- No starter free checks

- Now limited only to Iowa residents


Health Grade Components

FDIC Certificate #15614
Year Established1893
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD14.8%
Annual Interest Income$16.8MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.85B$1.74B
LoansQ1 2017vs Q1 2016$1.43B$1.26B
DepositsQ1 2017vs Q1 2016$1.53B$1.45B
Equity CapitalQ1 2017vs Q1 2016$171.8MM$163.4MM
Loan Loss AllowanceQ1 2017vs Q1 2016$16.4MM$15.3MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$920.00K$1.3MM
Real Estate OwnedQ1 2017vs Q1 2016$0$0

Rates for West Bank are currently being reviewed.


West Bank has 11 locations. Click to view all West Bank locations.