United Western Bancorp, Inc. to Report 2009 Fourth Quarter and Year End Results

United Western Bancorp, Inc. (Nasdaq: UWBK) will release financial results for its fourth quarter and year ended December 31, 2009, after the market close on Monday, March 15, 2010. Scot T. Wetzel, President and Chief Executive Officer and William D. Snider, Chief Financial Officer will also host a conference call to review the results and address investor questions.

Any investor or interested individual can listen to the teleconference, which is scheduled to begin at 3:00 PM MDT (5:00 PM EDT) on Monday, March 15, 2010. To participate in the teleconference, please call toll-free 1-877-941-2333 (or 1-480-629-9723 for international callers) approximately 10 minutes prior to the start time. You may also listen to the teleconference live on the company’s website, www.uwbancorp.com, and accessing the Investor Relations tab, or by accessing http://www.talkpoint.com/viewer/starthere.asp?Pres=129780. For those unable to attend, an archive of the conference call will be hosted on our website for a period of 90 days.

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.

Forward-Looking Statements

Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and United Western Bancorp, Inc. 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 balance sheet conversion, achievement of target ratios, future contributions to the Bank, termination of the Informal Agreements and the Company’s growth plans. United Western Bancorp, Inc. 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 (a) changes in market conditions or in prices of the company’s common stock; (b) changes in the market for the company’s products and services; and (c) other risks as detailed in United Western Bancorp’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2008, Quarterly Reports on Form 10-Q for the fiscal quarters ended June 30, 2009 and September 30, 2009, and subsequent filings with the Securities and Exchange Commission.