{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-018400","form_type":"8-K","ticker":"MYFW","cik":"0001327607","company_name":"First Western Financial Inc","filed_at":"2022-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.179767+00:00","generated_at":"2026-06-21T08:39:44.494422+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"First Western Financial completes $20M subordinated note offering at 7% fixed rate","bullets":["Issued $20M aggregate principal of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2032.","Notes bear fixed 7.00% interest for 5 years, then float at 3-month SOFR + 328 bps.","Proceeds to be used for general corporate purposes; notes qualify as Tier 2 capital.","Company may redeem notes in whole or part on or after December 15, 2027.","Keefe, Bruyette & Woods acted as sole placement agent for the offering."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-018400","json":"https://secwatch.observer/filing/0001558370-22-018400.json","markdown":"https://secwatch.observer/filing/0001558370-22-018400.md","text":"https://secwatch.observer/filing/0001558370-22-018400.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327607/000155837022018400/0001558370-22-018400-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327607/000155837022018400/myfw-20221205x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T08:39:44.494422+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e3532ca879b5476e0ecc86cec3e82ee339f19c67","claim":"First Western Financial Inc incurred senior notes of $20,000,000 in aggregate principal amount with the purchasers named therein at 7.00% fixed rate until December 15, 2027, then Three-Month Term SOFR plus 328 bp maturing December 15, 2032.","evidence_excerpt":"On December 5, 2022, First Western Financial, Inc. (the \"Company\") completed the issuance and sale (the \"Offering\") of $20,000,000 in aggregate principal amount of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2032 (the \"Notes\") pursuant to Subordinated Note Purchase Agreement, dated December 5, 2022 (the \"Note Purchase Agreement\"), by and among the Company and the purchasers named therein (the \"Purchasers\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000155837022018400/0001558370-22-018400-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$20,000,000 in aggregate principal amount"},{"label":"Counterparty","value":"the purchasers named therein"},{"label":"Rate","value":"7.00% fixed rate until December 15, 2027, then Three-Month Term SOFR plus 328 bp"},{"label":"Maturity","value":"December 15, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8ca401ce1a4bc10dd1119912c17b438bb389582f","claim":"First Western Financial Inc entered into Subordinated Note Purchase Agreement with the purchasers named therein valued at $20,000,000 (effective 2022-12-05).","evidence_excerpt":"On December 5, 2022, First Western Financial, Inc. (the “Company”) completed the issuance and sale (the “Offering”) of $20,000,000 in aggregate principal amount of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”) pursuant to Subordinated Note Purchase Agreement, dated December 5, 2022 (the “Note Purchase Agreement”), by and among the Company and the purchasers named therein (the “Purchasers”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000155837022018400/0001558370-22-018400-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the purchasers named therein"},{"label":"Value","value":"$20,000,000"},{"label":"Effective","value":"2022-12-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}