secwatch.observer — SEC 8-K summary
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Issuer:     First Western Financial Inc (MYFW)
CIK:        0001327607
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0001327607-24-000146
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Western authorizes 200,000-share buyback (~2% of outstanding) over one year
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- Board authorized repurchase of up to 200,000 shares (~2% of outstanding) over a one-year period.
- Federal Reserve provided no objection to the repurchase program.
- CEO Scott Wylie said buyback is accretive to earnings and tangible book value per share.
- Repurchases may be executed via open market, private transactions, or Rule 10b5-1 plans.
- Program may be suspended or discontinued at any time; no obligation to repurchase specific amount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327607/000132760724000146/0001327607-24-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327607/000132760724000146/myfw-20240613.htm
  HTML page:      https://secwatch.observer/filing/0001327607-24-000146

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