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First Western Bank

First Western Bank Minot

First Western Financial (MYFW) Downgraded by Zacks Investment Research

MYFW stock opened at $13.95 on Wednesday. First Western Financial has a fifty-two week low of $10.91 and a fifty-two week high of $20.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.03.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, April 25th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. First Western Financial had a return on equity of 5.13% and a net margin of 8.55%. The firm had revenue of $14.95 million for the quarter. Research analysts expect that First Western Financial will post 1.12 earnings per share for the current year.

In related news, CEO Scott C. Wylie sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $13.46, for a total value of $201,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website .

Entegra Bank Announces Merger With First Citizens Bank

Franklin-based Entegra Bank has announced a merger with First Citizens Bank. This is a swift change from the merger between Entegra and Smart Bank announced in January.

 

“We are pleased to announce this combination with First Citizens, which shares our customer focus and community banking approach.  Not only does this represent a significantly higher price for our shareholders, we also believe that First Citizens’ size and resources will present more opportunities in the future for our customers and communities,” says Roger Plemens, president and chief executive officer of Entegra Bank in a press release.

Shareholders weren’t happy after the about $158 million price tag with Tennessee-based Smart Bank was announced. A New York firm launched an investigation into the valuation. Then First Citizens approached the Entegra with a significantly higher offer.  The deal is now valued at over $200 million dollars plus First Citizens is paying over $6 million in a termination fee to SmartBank for their discarded deal.

What was the first bank in the Western Area??

I know the First Bank was the first bank in the united states. But what was the first bank ever in the western area including England.


A "bank" usually means an institution which both takes deposits _and_ makes loans. Also, the "Western world" usually includes the Middle East, northeast of Constantinople/Istanbul.

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