Business
First Western Financial, Inc. Completes Systems Integration in Wyoming
Integration activates added scale, expanded product mix, and increased opportunities to serve local Wyoming markets DENVER and JACKSON, Wyo., May 16, 2022
About this update from First Western Financial, Inc.
[{"type":"text","content":"Integration activates added scale, expanded product mix, and increased opportunities to serve local Wyoming markets\nDENVER and JACKSON, Wyo., May 16, 2022 (GLOBE NEWSWIRE) -- First Western Financial, Inc., (First Western) (Nasdaq: MYFW), parent company of First Western Trust Bank, (the Bank), today announced the completion of its systems integration with Teton Financial Services, Inc. (Teton Financial Services), parent company of Rocky Mountain Bank. First Western completed the acquisition of Rocky Mountain Bank on December 31, 2021, which merged three Rocky Mountain Bank branches in the state of Wyoming with First Western Trust Bank. As part of its long-term growth strategy, the merger expands First Western’s presence in Wyoming and allows the Bank to provide clients with access to more services, as well as extend its unique approach to private and commercial banking to more clients in the region. “Since the announcement of the acquisition, our talented team of professionals continued to focus on providing clients with great service and First Western’s unique approach to banking, while working to integrate our systems and products,” said Scott C. Wylie, Chairman, President and Chief Executive of First Western. “As we complete this important integration step, we are excited to cement lasting relationships with clients, welcome new clients, and continue providing local community support across the region. The merger of our firms, which has already created positive effects in our first quarter results, illustrates the opportunity to extend First Western’s presence in a growing market where we will continue to partner with clients and find solutions to fit their unique needs for generations to come.” The merger expands First Western’s operations across 18 offices in four states, including Colorado, Arizona, Wyoming, and California. With this acquisition, First Western’s Jackson Hole office located at 690 South Highway 89, Suite 260, combined with Rocky Mountain’s office located at 890 W. Broadway in Jackson. The combined office on Broadway includes staff from both institutions, providing clients with trusted familiar faces committed to providing personalized service and local expertise. Client Convenience The addition of three new offices in Wyoming provides clients with more banking locations and access to local expertise to serv...