United Western Bancorp Inc (fka UWBKQ)

[Large Green]

UWBKQ 8K Filing on Oldie but Goodie

Filed 02/23/11 for the Period Ending 02/22/11

Address 700 17TH STREET
SUITE 2100
DENVER, CO, 80202
Telephone [phone]
CIK 0000944725
SIC Code 6022 - State Commercial Banks
Industry Banks
Sector Financials
Fiscal Year 12/31
_____________________________________________

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions ( see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Date of report (Date of earliest event reported) February 23, 2011

United Western Bancorp, Inc.
(Exact Name of Registrant as Specified in Its Charter)

Colorado
(State or Other Jurisdiction of Incorporation)

0-21231 84-1233716
(Commission File Number) (IRS Employer Identification No.)

700 Seventeenth Street, Suite 2100
Denver, Colorado

80202
(Address of Principal Executive Offices) (Zip Code)

[phone]
(Registrant’s Telephone Number, Including Area Code)
________________________________________________

ITEM 8.01 OTHER EVENTS
On February 23, 2011, United Western Bancorp, Inc. (the “Company”), whose principal subsidiary was formerly United Western
Bank (the “Bank”), announced in a press release that on or about January 31, 2011, a Thrift Financial Report prepared on behalf of the Bank as
of December 31, 2010 was filed with the Office of Thrift Supervision (the “TFR”). The TFR was not prepared by any representative of the
Company and the Company disavows any information contained in the TFR. Neither the Company nor any of its affiliates was consulted with
regard to the preparation of the TFR and neither the Company nor any of its affiliates is responsible for the TFR.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Exhibits.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.



99.1 Press release dated February 23, 2011, titled “United Western Bancorp, Inc. Advises That Thrift Financial Report Filed for
United Western Bank Was Not Prepared by United Western Bancorp, Inc.”
UNITED WESTERN BANCORP, INC.


Dated: February 23, 2011 By: /s/ Michael J. McCloskey
Name: Michael J. McCloskey
Title: Executive Vice President, Chief Operating Officer and General
Counsel
_______________________________________________

For more information, please contact:
Guy A. Gibson
Chairman of the Board
[phone]
[e-mail]

FOR IMMEDIATE RELEASE


United Western Bancorp, Inc. Advises That Thrift Financial Report Filed For United Western Bank Was Not Prepared By United Western Bancorp, Inc.

Denver – February 23, 2011 (BUSINESS WIRE) – United Western Bancorp, Inc.

(the “Company”), a Denver-based holding company whose
principal subsidiary was formerly United Western Bank ® (the “Bank”), today announced that on or about January 31, 2011, a Thrift Financial
Report (the “TFR”) prepared on behalf of the Bank as of December 31, 2010 was filed with the Office of Thrift Supervision (the “OTS”).

The TFR was not prepared by any representative of the Company and the Company disavows any information contained in the TFR. Neither the
Company nor any of its affiliates was consulted with regard to the preparation of the TFR and neither the Company nor any of its affiliates is responsible for the TFR.

The Company previously announced on January 21, 2011, that the Federal Deposit Insurance Corporation (the “FDIC”) was appointed as receiver for the Bank by the OTS pursuant to the Federal Deposit Insurance Act. The FDIC immediately sold certain assets and liabilities of the Bank to First-Citizens Bank & Trust Company of Raleigh, North Carolina, who commenced operations of the Bank in the name of First Citizens Bank on January 24, 2011. On February 18, 2011, the Company and certain officers and directors of the Company and directors of the Bank filed a complaint against the OTS and the FDIC seeking to overturn the seizure of the Bank by the FDIC.

That action is currently pending in the federal district court in Washington, D.C. Forward-Looking Statements Certain statements contained in this press release may be deemed to be forward-looking under federal securities laws, and the Company intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, but are not limited to, statements regarding the Company’s Complaint against the OTS, the Acting Director and the FDIC.

The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward looking statements contained herein. Such factors include risks detailed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009, Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2010, and subsequent filings with the Securities and Exchange Commission. The Company has not filed its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2010 and has no present plans to correct that omission.