Rocky Mountain Bank, based in Jackson, plans to merge into the company that owns First Western Trust Bank, which has an office in Jackson.

According to a press release, First Western Financial Inc., the parent company of First Western Trust Bank, and Teton Financial Services, the parent company of Rocky Mountain Bank, have signed a definitive merger agreement.

“Our employees and clients will benefit from First Western’s broader offering of products and services, as well as its ability to accommodate larger financing needs,” Teton Financial Services Chairman, CEO and President Allan Tessler said in the press release.

Rocky Mountain Bank clients should continue to conduct business as usual at this time, the release said.

First Western operates in Colorado, Arizona, Wyoming and California. Rocky Mountain Bank has offices in Rock Springs and Pinedale in addition to Jackson.

The transaction is expected to close toward the end of this year or early in the first quarter of 2022.

For more, see the Business section of the July 28 edition of the Jackson Hole News&Guide.

Contact Jennifer Dorsey at jennifer@jhnewsandguide.com or 732-5908.

Jennifer Dorsey is chief copy editor for the News&Guide and one of the editors for local articles printed in the Jackson Hole Daily.

Recommended for you

(0) comments

Welcome to the discussion.

Please note: Online comments may also run in our print publications.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Please turn off your CAPS LOCK.
No personal attacks. Discuss issues & opinions rather than denigrating someone with an opposing view.
No political attacks. Refrain from using negative slang when identifying political parties.
Be truthful. Don’t knowingly lie about anyone or anything.
Be proactive. Use the “Report” link on each comment to let us know of abusive posts.
Share with us. We’d love to hear eyewitness accounts or history behind an article.
Use your real name: Anonymous commenting is not allowed.
.
The News&Guide welcomes comments from our paid subscribers. Tell us what you think. Thanks for engaging in the conversation!

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.