First Western Financial Business Summary

First Western Financial Inc (MYFW) operates as a financial holding company utilizing a boutique "private trust bank" platform to provide integrated wealth management, trust, and commercial banking services. The company generates revenue through two primary segments: Wealth Management, which drives the majority of income via net interest income from relationship-based lending and fee-based services including investment management and trust administration, and Mortgage, focused on residential loan origination and secondary market sales. As of year-end 2025, the firm managed $3.15 billion in assets and $7.28 billion in assets under management (AUM), maintaining a high-density presence in affluent Western markets such as Colorado, Arizona, and Wyoming. Direct competitors include Northern Trust, BOK Financial, and MidFirst Bank; First Western distinguishes itself by offering a more personalized, localized alternative to these larger regional and national private banks, specifically targeting high-net-worth individuals and their associated middle-market businesses. The leadership team is led by Founder, Chairman, and CEO Scott Wylie, a veteran banker with over 40 years of experience who previously served as Chairman and CEO of Northern Trust Bank of Colorado and holds an MBA from Harvard Business School. Supporting him are Julie Courkamp, who serves as President and Chief Operating Officer with a tenure at the firm dating back to 2006, and David Weber, the Chief Financial Officer and Treasurer who joined from Fifth Third Bank. The executive team is complemented by Chief Revenue Officer Matthew Cassell and Chief Risk Officer Eric Ensmann. The company’s Board of Directors features notable regional business leaders, including Lead Independent Director Joseph Zimlich and Thomas Gart of The Gart Companies, while institutional backing is anchored by major shareholders such as Vanguard Fiduciary Trust Co.