First Western Financial, Inc pletes Acquisition of build up, Loans along with other Assets of Four Simmons Bank stores in Denver

2021-06-30T00:09:04+01:00

First Western Financial, Inc pletes Acquisition of build up, Loans along with other Assets of Four Simmons Bank stores in Denver First Western Financial, Inc. (NASDAQ: MYFW), a economic solutions holding business 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 presumption deal with Simmons Bank (“Simmons”). Beneath the regards to the transaction’s definitive contract, the lender acquired three branches and another loan production workplace located in the Denver metro area, bought loans of around $119.8 million and assumed deposits of around $67.4 million. [...]