First Western Financial, Inc. (MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today that its wholly owned subsidiary, First Western Trust Bank (the “Bank”), has successfully closed a branch purchase and assumption transaction with Simmons Bank (“Simmons”). Under the terms of the transaction’s definitive agreement, the Bank acquired three branches and one loan production office located in the Denver metro area, purchased loans of approximately $119.8 million and assumed deposits of approximately $67.4 million.
Form D Friday is a Denver Business Journal feature highlighting regulatory filings from Denver-area companies raising capital for new projects, creating new venture funds or expanding their businesses. Form D reports are a type of SEC form used to file a notice of exempt offerings of securities. Brush Creek Partners of Denver is raising $60 million in equity for a business in the investing industry, according to a Form D filed on March 27.
DENVER, Jan. 07, 2020 -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today.
First Quarter 2020 Summary Net income available to common shareholders of $1.3 million in Q1 2020, compared to $2.6 million in Q4 2019 and $1.6 million in Q1 2019 Diluted.
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Third Quarter 2019 Summary Net income available to common shareholders of $2.4 million in Q3 2019, compared to net income available to common shareholders of $1.4 million in Q2.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
First Western Financial, Inc. (MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today that its wholly owned subsidiary, First Western Trust Bank (the “Bank”), has entered into a branch purchase and assumption agreement with Simmons Bank (“Simmons”), pursuant to which the Bank will acquire all of Simmons’ Colorado locations, including three Simmons branches and one loan production office located in Denver, as well as certain of Simmons’ deposits and loans and other assets. Closing of the transaction is expected in the third quarter of 2020 and is subject to certain closing conditions, including customary regulatory approvals.
Denver-based First Western Trust Bank is acquiring all of the Colorado locations and assets for Pine Bluff, Arkansas-based Simmons Bank. Scott Wylie, chairman, president and CEO of First Western Financial (Nasdaq: MYFW), which is the Denver-based financial holding company that owns First Western Trust Bank, told Denver Business Journal that the deal will expand his bank’s commercial lending expertise. “Simmons Bank decided they wanted to exit the Colorado market and they have a strong commercial banking franchise,” Wylie said.
First Western Financial, Inc. (MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western” or “the Company”), announced today that the proposed sale of its Los Angeles-based fixed income portfolio management team (“LA fixed income team”) and certain advisory and sub-advisory arrangements to Lido Advisors, LLC and Oakhurst Advisors, LLC has been cancelled. Scott C. Wylie, CEO of First Western, said, “The LA fixed income team will continue to operate as part of our Capital Management segment.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. …
DENVER, Oct. 31, 2019 -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today.
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Fourth Quarter 2019 Summary Net income available to common shareholders of $2.6 million in Q4 2019, compared to $2.4 million in Q3 2019 and $1.7 million in Q4 2018Diluted EPS.
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
DENVER, April 07, 2020 -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced.
DENVER, Oct. 04, 2019 -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today.
The bank has hired executives from other top banks such as CoBiz Financial, MidWestOne and First Western Trust Bank.
First Western Trust Bank* (“First Western Trust”), a wholly-owned subsidiary of First Western Financial, Inc. (MYFW), today announced the hiring of Bonifacio Sandoval as Market President with a focus on the Broomfield, CO area. Mr. Sandoval enables First Western Trust to serve wealth management clients in Broomfield through its proprietary ConnectView® service model, which delivers tailored financial solutions spanning each client’s personal, business, and philanthropic needs.