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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, have announced a Plan of Merger. This collab­o­ra­tion brings together two highly comple­men­tary insti­tu­tions with similar values, business models, and rela­tion­ship-oriented approaches to banking.

The decision to merge the resources of these two brands was driven by our shared commit­ment to helping each client achieve their finan­cial goals. This new part­ner­ship will provide Rocky Mountain Bank’s customers with a complete suite of private and commer­cial banking services, along with unmatched exper­tise in trust wealth manage­ment and invest­ment manage­ment services – services which are deliv­ered with an unwa­ver­ing commit­ment to a person­al­ized client experience.

What changes are coming to Rocky Mountain Bank?

We expect the merger to complete at the end of 2021 or early 2022, at which point Rocky Mountain Bank’s offices will become First Western Trust Bank. We are commit­ted to a stream­lined and smooth tran­si­tion for our customers. Rocky Mountain Bank clients can expect business as usual,” and will receive commu­ni­ca­tions related to any planned changes well-ahead of those changes taking place.

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. 

Mark Hendrickson,
CEO Rocky Mountain Bank