West Bank plans to open loan production offices in the Minnesota communities of St. Cloud, Mankato and Owatonna with the goal of converting those offices to full-service branches, the West Des Moines-based operation said in a filing today with the U.S. Securities and Exchange Commission. According to the filing, each location will start out with two or three bankers and a banking assistant and each market will have a community advisory board. West Bank is taking the same tack it took in April 2013 when it opened a loan production office in Rochester, Minn., and later converted it to a branch. That operation had loans of $180 million and deposits of $60 million on Dec. 31, according to the SEC filing. Anticipated annualized costs of the new expansion will be approximately $3 million, primarily consisting of compensation, technology and occupancy costs, according to the filing. West Bank plans to convert the locations from loan production offices to branch banking offices within the first few months of operation, subject to regulatory approval. Dave Nelson, president and CEO of West Bank parent West Bancorporation Inc., said the company hopes to have the new offices operating in 30 to 60 days. “We don’t have the physical locations set up yet but our teams are in place,” he said in an email.