Item 7.01Regulation FD Disclosure.

On November 13, 2020, First Western Financial, Inc. (the "Company") completed the sale of its Los Angeles-based fixed income portfolio management team ("LA fixed income team") and certain related advisory and sub-advisory arrangements to Lido Advisors, LLC and Oakhurst Advisors, LLC.

On an ongoing basis, the sale of the LA fixed income team is expected to be earnings neutral to the Company, as the revenue decrease will be approximately in-line with the expense reduction. The sale is not expected to have an impact on First Western's bank clients, but will reduce the Company's assets under management by approximately $300 million. The sale is expected to result in an estimated positive impact to tangible common equity of approximately $3.0 million to $3.3 million.

As provided in General Instruction B.2 to Form 8-K, the information set forth in this Item 7.01, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.



(d)     Exhibits.


Exhibit
Number     Description

99.1         Press Release, dated November 16, 2020
           Cover Page Interactive Data File (the cover page XBRL tags are embedded
104        in the Inline XBRL document)








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