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Stock impact report

First Western Financial, Inc. Announces Cancellation of Proposed Sale of Los Angeles-Based Fixed Income Team

First Western Financial, Inc. (MYFW) 
Last first western financial, inc. earnings: 4/30 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
DENVER, Nov. 01, 2019 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western” or “the Company”), announced today that the proposed sale of its Los Angeles-based fixed income portfolio management team (“LA fixed income team”) and certain advisory and sub-advisory arrangements to Lido Advisors, LLC and Oakhurst Advisors, LLC has been cancelled.Scott C. Wylie, CEO of First Western, said, “The LA fixed income team will continue to operate as part of our Capital Management segment.  As we continue to optimize our cost structure and investment platform, we may evaluate other opportunities to divest the LA fixed income team in a manner that would free up management resources while continuing to provide our clients with full access to this team.”About First Western Financial, Inc.First Western is a financial services holding company headquartered in Denver, Colorado, with operations in Colorado Show less Read more
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