BuybackMay 4, 2026, 04:18 PM
First Western Financial Board Authorizes $5M Stock Repurchase Plan
AI Summary
First Western Financial Inc.'s Board of Directors authorized a new common stock repurchase plan on April 22, 2026, allowing for the repurchase of up to $5,000,000 of its common stock. The Federal Reserve System has advised that it has no objection to the plan. The Repurchase Plan will be effective for one year, commencing June 12, 2026, and allows for repurchases through various methods, including open market and privately negotiated transactions.
Key Highlights
- First Western Financial's Board authorized a common stock repurchase plan on April 22, 2026.
- The company is authorized to repurchase up to $5,000,000 of its common stock.
- The Federal Reserve System advised on April 29, 2026, that it has no objection to the plan.
- The Repurchase Plan is effective for one year, starting June 12, 2026.
- Shares may be repurchased in privately negotiated transactions, open market, or via Rule 10b5-1 plans.
- The program does not obligate the company to acquire a specific amount or number of shares.