First Western Financial, Inc. Announces Executive Changes
May 18, 2020 at 05:30 pm IST
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First Western Financial, Inc. announced that its wholly owned subsidiary, First Western Trust Bank has successfully closed a branch purchase and assumption transaction with Simmons Bank (“Simmons”). The company also announced that Matt Cassell, who formerly led Simmons Bank’s Colorado banking presence, and the members of Simmons’ current Colorado-based banking team have agreed to join First Western to help ensure a smooth transition for the Bank’s new clients. Mr. Cassell joins First Western’s leadership team as President of Commercial Banking, bringing with him over 20 years of experience working with Colorado-based businesses. Mr. Cassell will report to Scott Wylie, Chairman and CEO. First Western is further announced the hiring of Nick Lepetsos as Market President of the Bank’s new Lone Tree office. Mr. Lepetsos adds nearly 30 years of experience in the financial services industry in the Denver area, making him an invaluable addition to First Western’s team of talented and experienced banking professionals. Most notably, he served as the president of First American State Bank.
First Western Financial, Inc. is a financial service holding company with operations in Colorado, Arizona, Wyoming, California, and Montana. The Company and its subsidiaries provide a fully integrated suite of wealth management services on a private trust bank platform. The Company offers its services through a branded network of boutique private trust bank offices, loan production offices and trust offices. The Company operates through two segments: Wealth Management and Mortgage. Its Wealth Management segment consists of operations relating to the Companyâs fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services. Its Mortgage segment consists of operations relating to the Companyâs residential mortgage service offerings. Services provided by its mortgage segment include soliciting, originating, and selling mortgage loans on the secondary market.