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First Western Financial, Inc. to Be Added to Russell 3000 and Russell 2000 Indexes
DENVER, June 06, 2022 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado
About this update from First Western Financial, Inc.
[{"type":"text","content":"DENVER, June 06, 2022 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western” or the “Company”), today announced that it is set to join the broad-market Russell 3000® Index and the small-cap Russell 2000® Index at the conclusion of the Russell US Indexes annual reconstitution, effective after the US equity markets open on June 27, 2022, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022. Annual reconstitution of the Russell indexes captures the 4,000 largest US stocks as of May 6, 2022 ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market capitalization rankings and style attributes. Scott C. Wylie, Chairman and CEO of First Western, said, “Strong execution on our organic and acquisitive growth strategies has led to significant value creation and an increase in our market capitalization, resulting in our addition to the Russell Indexes. We believe that our inclusion in the indexes will positively impact the liquidity in our stock and expand the universe of investors that are able to take positions in First Western Financial.” Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website. About FTSE Russell FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail inve...