First Western Named One of America’s Fastest-Growing Private Companies by Inc. Magazine
DENVER– October 12, 2011 — First Western Financial, Inc. (“First Western”), the holding company of First Western Trust Bank (www.myfw.com), announced that Inc. magazine, a leading entrepreneurial publication, has ranked it one of the nation’s fastest growing private companies for the fourth consecutive year. The 2011 “Inc. 500/5000” takes a comprehensive look at America’s independent entrepreneurs by ranking companies according to percentage of revenue growth from 2007 to 2010.
First Western’s financial performance has remained strong and steady despite the difficulties faced by financial institutions nationwide. The firm’s annual revenue increased nearly 100 percent over the last three years, growing from more than $20 million in 2008 to $41.3 million in 2010.
“We are honored and proud to be recognized for First Western’s extraordinary growth during these challenging economic times,” remarked Scott Wylie, Chairman and CEO. “We remain innovative and focused on our clients’ needs, and our success is a direct result of our team’s commitment to becoming the best private bank for the Western wealth management client.”
Recognition in Colorado
In addition to four consecutive years of recognition on the Inc. 500/5000 list, First Western was recently named one of Colorado’s Top 250 Private Companies by Colorado Biz magazine, rising from #53 on the list in 2010 to #44 in 2011.
First Western also was recognized by the Denver Business Journal as the Third Fastest Growing Private Company in Flight II – honoring companies with annual revenue between $15.1 million and $49.3 million.
“We’re on the right path,” Wylie continued. “We’re focused on smart growth, innovation, and amazing people; we’re excited about the future.”
About First Western Financial, Inc.
First Western Financial, Inc. is the holding company of First Western Trust Bank. First Western Trust Bank strives to be the best private bank for the Western wealth management client by providing comprehensive, tailored solutions in the areas of wealth planning, private banking, investment management, and personal trust. First Western also offers expertise in retirement services, mortgages, insurance, and business banking. First Western’s services are integrated through WealthView 360ºTM, a proprietary approach that focuses on a client’s entire financial picture. Built specifically for clients based in the West, the firm has offices in Arizona, California, and Colorado.