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New Deal


Announced

Completed

First Western Financial completed the acquisition of Simmons Bank's three branches and one loan production office.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

banking

Acquisition

Single Bidder

United States

Private

Majority

Friendly

Domestic

Banks

Synopsis

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First Western Financial, a financial services holding company, completed the acquisition of three branches and one loan production office located in Denver from Simmons First National Bank, a bank holding company. Financial terms were not disclosed. "This transaction will add to the growth and diversification of our franchise and deepen our presence in our core Denver market. I am also equally happy to welcome Nick, Matt and all of our new associates to our First Western family. In the midst of one of the most significant health, safety and economic challenges we have faced with respect to the Covid-19 pandemic, our team of experienced associates has remained focused on helping our clients, our community, and company continue moving forward. It is a truly remarkable accomplishment and demonstrates the continued growth and expertise of our organization and our team,” Scott Wylie, First Western Financial Chairman and CEO.

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