2009-11-09 22:29:05 -

The board of directors of United Western Bancorp, Inc. (NASDAQ: UWBK), a holding company whose principal subsidiary is United Western Bank ® , made the strategic decision to suspend its quarterly cash dividends. The cash dividend paid in the last quarter was $.01 per share.

Scot T. Wetzel, President and Chief Executive Officer of the company, said, “While we recognize the importance of quarterly dividends to our shareholders, we believe this action is prudent given the uncertain state of the economy, as well as to continue to preserve the bank’s already strong capital ratios.”


About United Western Bancorp


Denver-based United Western Bancorp, Inc. is focused on developing its community-based banking network through its subsidiary, United Western Bank, by strategically positioning branches across Colorado’s

Front Range market and certain mountain communities. The area spans the eastern slope of the Rocky Mountains – from Pueblo to Fort Collins, and from metropolitan Denver to the Roaring Fork Valley. United Western Bank plans to grow its network to an estimated ten to twelve community bank locations over the next three to five years. For more information, please visit our web site at www.uwbancorp.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .



United Western Bancorp, Inc.Michael J. McCloskey, 720-932-4282COO