First Western Financial, Inc. Announces Addition of Ellen S. Robinson to Board of Directors
06 June 2024 - 10:30PM
First Western Financial, Inc. (NASDAQ: MYFW), a financial services
holding company headquartered in Denver, Colorado (“First Western”
or the “Company”), today announced the appointment of Ellen S.
Robinson to the Company’s Board of Directors, as well as the
retirement of Eric D. Sipf from the Board of Directors.
Scott C. Wylie, Chairman and CEO of First
Western, said, “We are very pleased to welcome Ellen Robinson to
our Board of Directors. Ellen has been a prominent member of the
Denver business community for many years and has been a successful
executive in large corporate and smaller, entrepreneurial business
environments. She is a seasoned business leader with a particular
interest and expertise in leadership development and coaching on an
individual and team level. Ellen further strengthens our Board of
Directors with her proven expertise in sales, marketing, building
effective teams, coaching and mentoring talent.
“We would also like to thank Eric Sipf for his
many years of valuable service to our company. Eric was a founding
director and a leader on our board for 20 years, including serving
as the chair of the audit committee for 15 years. His guidance,
expertise, and leadership have been extremely valuable as we have
grown our franchise over the past 20 years and we wish him well in
his retirement,” said Mr. Wylie.
About Ellen S. Robinson
Ellen S. Robinson is Principal and Founder of
the Robinson Coaching Group, Inc. since 2007. Robinson Coaching
Group, Inc. provides leadership development and coaching on an
individual and team level in both the private and public sectors.
Ms. Robinson is a former Executive and General Manager of Denver
Pepsi Cola. Ms. Robinson has served as Founder and CEO of
EventConnex, President of Ascent Sports, Inc. and Brand Manager for
Frito-Lay, Inc. She has significant experience in building
effective teams, coaching and mentoring talent and driving change.
Ms. Robinson received her Professional Coach Certification from New
Ventures West in 2012.
Ms. Robinson holds a Bachelor of Science in
Finance and Marketing from The Wharton School, University of
Pennsylvania.
About First Western
Financial, Inc.
First Western is a financial services holding company
headquartered in Denver, Colorado, with operations in Colorado,
Arizona, Wyoming, California, and Montana. First Western and its
subsidiaries provide a fully integrated suite of wealth management
services on a private trust bank platform, which includes a
comprehensive selection of deposit, loan, trust, wealth planning
and investment management products and services. First Western’s
common stock is traded on the Nasdaq Global Select Market under the
symbol “MYFW.” For more information, please visit www.myfw.com.
Forward-Looking Statements
Statements in this news release regarding our expectations and
beliefs about our future financial performance and financial
condition, as well as trends in our business and markets are
“forward-looking statements” as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements often
include words such as “believe,” “expect,” “anticipate,” “intend,”
“plan,” “estimate,” “project,” “position,” “outlook,” or words of
similar meaning, or future or conditional verbs such as “will,”
“would,” “should,” “opportunity,” “could,” or “may.” The
forward-looking statements in this news release are based on
current information and on assumptions that we make about future
events and circumstances that are subject to a number of risks and
uncertainties that are often difficult to predict and beyond our
control. As a result of those risks and uncertainties, our actual
financial results in the future could differ, possibly materially,
from those expressed in or implied by the forward-looking
statements contained in this news release and could cause us to
make changes to our future plans. Those risks and uncertainties
include, without limitation, the lack of soundness of other
financial institutions or financial market utilities may adversely
affect the Company; the Company’s ability to engage in routine
funding and other transactions could be adversely affected by the
actions and commercial soundness of other financial institutions;
financial institutions are interrelated because of trading,
clearing, counterparty or other relationships; defaults by, or even
rumors or questions about, one or more financial institutions or
financial market utilities, or the financial services industry
generally, may lead to market-wide liquidity problems and losses of
client, creditor and counterparty confidence and could lead to
losses or defaults by other financial institutions, or the Company;
integration risks and projected cost savings in connection with
acquisitions; the risk of geographic concentration in Colorado,
Arizona, Wyoming, California, and Montana; the risk of changes in
the economy affecting real estate values and liquidity; the risk in
our ability to continue to originate residential real estate loans
and sell such loans; risks specific to commercial loans and
borrowers; the risk of claims and litigation pertaining to our
fiduciary responsibilities; the risk of competition for investment
managers and professionals; the risk of fluctuation in the value of
our investment securities; the risk of changes in interest rates;
and the risk of the adequacy of our allowance for credit losses and
the risk in our ability to maintain a strong core deposit base or
other low-cost funding sources. Additional information regarding
these and other risks and uncertainties to which our business and
future financial performance are subject is contained in our Annual
Report on Form 10-K filed with the U.S. Securities and Exchange
Commission (“SEC”) on March 15, 2024 (“Form 10-K”), and other
documents we file with the SEC from time to time. We urge readers
of this news release to review the “Risk Factors” section our Form
10-K and any updates to those risk factors set forth in our
subsequent Quarterly Reports on Form 10-Q, Current Reports on Form
8-K, and our other filings with the SEC. Also, our actual financial
results in the future may differ from those currently expected due
to additional risks and uncertainties of which we are not currently
aware or which we do not currently view as, but in the future may
become, material to our business or operating results. Due to these
and other possible uncertainties and risks, readers are cautioned
not to place undue reliance on the forward-looking statements
contained in this news release, which speak only as of today’s
date, or to make predictions based solely on historical financial
performance. Any forward-looking statement speaks only as of the
date on which it is made, and we do not undertake any obligation to
update or review any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as
required by law.
Contacts:Financial Profiles, Inc.Tony
Rossi310-622-8221MYFW@finprofiles.comIR@myfw.com
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