First Western Financial, Inc. (NasdaqGS:MYFW) will look for acquisitions. Scott Wylie, Chairman and Chief Executive Officer said, "From an M&A perspective, we'll continue to be opportunistic. Over our history, we used acquisitions to great effect to build our franchise. And last year, we had an attractive opportunity with the branch transaction to add talent and scale in a deal that was highly accretive to earnings. So we'll continue to add -- to evaluate additional opportunities that can add value and accelerate our growth. As we start 2021, we feel very optimistic about our ability to deliver another strong performance for shareholders. Since coming public, our story has been one of a unique wealth manager built on our private bank platform that was emerging from a period of capital constraint and would realize strong operating leverage as we grew our balance sheet through both organic growth and acquisitions".
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.