Review Mortgage Lenders

First Western Bank

First Western Bank Minot

Reviewing First Western Financial (NASDAQ:MYFW) and ConnectOne Bancorp (CNOB)

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a state chartered bank that provides various commercial banking products and services. The company offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, and NOW accounts. It also provides personal and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; and other personal purpose loans. In addition, the company offers insurance and annuities, and mutual funds; credit cards, wire transfers, and safe deposit boxes; access to automated teller services; and Internet banking, treasury direct, ACH origination, lockbox, mobile banking, and remote deposit capture banking services. As of October 17, 2018, it operated through its headquarters in New Jersey; and 21 other banking offices across New Jersey and New York. ConnectOne Bancorp, Inc. serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.

Foreclosure sale

First Western Bank & Trust submitted the only public auction bid and will take possession of the intermodal facility east of Minot if not redeemed within 60 days of the sale. The bid of just over $9.2 million represents the amount owed on the mortgage held by the bank. By bidding, the bank protected its interest from potential lower bidders.

The property includes some real estate, an interest in the lease on city-owned land and personal items, including furniture, machinery, office equipment, tools, buildings, railroad tracks, inventory and accounts receivable.

Court records show NDPS’s original mortgage switched from a Kenmare bank to First Western in 2013. First Western reported NDPS began defaulting in November 2016. The bank initiated foreclosure proceedings in May 2017 and received a favorable court ruling.

The City of Minot and NDPS also have been in court over the lease issue.

NDPS had leased 134.8 acres from the city. It entered a lease arrangement in 2009. The city began steps to terminate the lease last March after seeking unpaid lease and property-tax payments from 2016, 2017 and 2018.

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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