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.
CEO Rocky Mountain Bank