Item 8.01 Other Events.
On November 3, 2020, First Western Financial, Inc. (the "Company") announced
that its Board of Directors authorized the repurchase of up to 400,000 shares of
the Company's common stock, no par value, from time to time, within one year
(the "Repurchase Plan") and that the Board of Governors of the Federal Reserve
System advised the Company that it has no objection to the Company's Repurchase
Plan. The Company may repurchase shares in privately negotiated transactions, in
the open market, including pursuant to any trading plan that may be adopted in
accordance with Rule 10b5-1 promulgated by the Securities and Exchange
Commission, or otherwise in a manner that complies with applicable federal
securities laws. The repurchase program does not obligate the Company to acquire
a specific dollar amount or number of shares and it may be extended, modified or
discontinued at any time without notice.
A copy of the press release announcing the authorization of the repurchase
program is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press Release, dated November 3, 2020
Cover Page Interactive Data File (the cover page XBRL tags are embedded
104 in the Inline XBRL document)
2
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