First Western Trust Merger
Teton Financial Services, parent company of Rocky Mountain Bank, and First Western Financial announce a Plan of Merger.
Friends, colleagues, and clients of Rocky Mountain Bank,
I am writing to you this afternoon to share some important and exciting news about the future of Rocky Mountain Bank. Today, Teton Financial Services, parent company of Rocky Mountain Bank, and First Western Financial (Nasdaq: MYFW), parent company of First Western Trust Bank, completed their transaction to merge as one bank. This collaboration brings together two highly complementary institutions with similar values, business models, and relationship-oriented approaches to banking who will continue to provide solutions to support clients’ financial needs.
As one bank, we are committed to providing local, trusted expertise to help every client, and offer more options including increased borrowing capacity, expansion of trust and wealth management services, and the addition of retirement and insurance solutions. For commercial clients, we are able to accommodate larger credit to grow and expand their businesses. And, we’ll continue to deliver these solutions with an unwavering commitment to personalized service and client experience.
What changes are coming to Rocky Mountain Bank?
For now, clients can expect “business as usual” — banking at the same locations and with many of the same people who have helped them over the years. Clients will receive communications related to any planned changes well before they occur.
Are any Rocky Mountain Bank office locations closing?
Following the merger, we plan to bring First Western’s Jackson office into Rocky Mountain Bank’s Jackson facility. Ultimately, we plan to retain all Rocky Mountain Bank branch locations including the Jackson, Pinedale, and Rock Springs offices. Clients will receive communications well in advance of any unexpected changes to our office locations.
What if clients have specific questions about their account?
Please feel free to reach out to your local Rocky Mountain Bank representative for specific questions about your account(s). The Rocky Mountain Bank and First Western Trust team is available to help make this transition a smooth one. As one of our customers, you can be confident that Rocky Mountain Bank’s relationship-oriented approach remains our highest priority.
We are thrilled to bring the resources of such a highly regarded Western-focused private banking franchise, to Rocky Mountain Bank’s clients. With the greater resources provided by First Western Trust, we will have the opportunity to enhance the banking experience provided to each of our customers while maintaining the high level of personalized service you have to expect from Rocky Mountain Bank.
Thank you for being a part of the Rocky Mountain Bank, and First Western Trust family.
CEO Rocky Mountain Bank