First Western Financial to merge with Teton Financial Services in a $48m deal.

First Western Financial, a financial holding company, agreed to merge with Teton Financial Services, a holding company for community bank, in a $48m deal. “This transaction brings together two highly complementary institutions with similar values, business models, and commitment to helping clients achieve their financial goals. Expanding our presence in Wyoming is a key element of our long-term growth strategy given its attractive demographics and favorable environment for our unique approach to private banking. The talented team at Rocky Mountain Bank has consistently attracted new clients and grown loans and deposits at a double-digit compound annual growth rate over the past seven years, and their experience and expertise will further strengthen our commercial banking capabilities. With our combined resources, we believe that we can steadily increase our market share in Wyoming in the future, providing another catalyst for enhancing the value of the First Western franchise," Scott C. Wylie, First Western Chairman, President and CEO.