First Western Economic, Inc. Announces Addition of Scott Mitchell and Julie Courkamp to Board …

DENVER, Feb. 04, 2021 (World NEWSWIRE) — Initially Western Money, Inc. (NASDAQ: MYFW), a fiscal…

DENVER, Feb. 04, 2021 (World NEWSWIRE) — Initially Western Money, Inc. (NASDAQ: MYFW), a fiscal companies holding corporation headquartered in Denver, Colorado (“First Western” or the “Company”), today declared the appointments of Scott C. Mitchell and Julie A. Courkamp to the Company’s Board of Administrators. With the addition of Mr. Mitchell and Ms. Courkamp, the dimensions of the Company’s Board of Directors has been amplified from 9 to 11 customers.

Scott C. Wylie, Chairman and CEO of 1st Western, reported, “Since starting up the Corporation, our intention has often been to have a Board of Directors that is made up of highly competent customers that stand for a diverse vary of expertise and skill sets. With the addition of Scott and Julie, we have even further strengthened our Board with skills in significant places and enhanced the range of perspectives that will be regarded as in our conversations and strategic planning.

“As a effective entrepreneur with an exceptional keep track of record of improving the fiscal and operational general performance of providers in a variety of industries, Scott represents the variety of business enterprise leader that we serve in both our non-public banking and professional financial institution platforms. In addition, as a Six Sigma Grasp Black Belt, Scott offers complex know-how and knowledge in driving operational efficiencies that will be useful as we carry on to scale Initially Western and increase working leverage even though upgrading our technologies platform and improving controls and procedures.

“Since getting to be Main Financial Officer of First Western in 2013, Julie has regularly taken on raising obligations beyond our finance division which include oversight of our operations, hazard management, and technologies functions. We consider the sizeable selection of her working experience will be an asset at the Board degree. Her Board company will also be worthwhile as she proceeds to broaden her management role within the Business in the foreseeable future,” explained Mr. Wylie.

About Scott C. Mitchell

Scott C. Mitchell is President of U.S. Engineering, Metalworks, a comprehensive-service mechanical contractor furnishing options for the daily life of a facility in a large array of industries these kinds of as health care, education, office environment, governing administration, and industrial. Prior to his current position, Mr. Mitchell served as President of a range of other effective producing companies including Mercury Products and solutions, a company of custom metal-stamped and fabricated elements, Intertech Plastics & Intertech Health care, a higher-speed, large-quantity manufacturer of tailor made injection molded plastic solutions and turnkey solutions, and Sylarus Technologies, an early-stage, commence-up solar enterprise. Earlier in his job, Mr. Mitchell was a associate at Accenture, in which he initiated a series of operational excellence initiatives to improve margins whilst improving consumer support, and also served as Senior Vice President of Initially Details and Western Union Company, exactly where he led a workforce of Lean Production and 6 Sigma experts in driving business enterprise growth and operational advancements all over the earth.

Mr. Mitchell holds a Bachelor of Science in Industrial Engineering from Southern Illinois University and an MBA from the University of Denver. Mr Mitchell is a 6 Sigma Master Black Belt and Lean Producing Facilitator, and has served as a board member of the Governor of Colorado’s Leaders Initiative and the Denver Conference Middle Resort Authority.

About Julie A. Courkamp

Ms. Courkamp has served as Treasurer and Main Economic Officer of the Corporation and First Western Rely on Bank because 2013. She joined the Enterprise in 2006 as its Controller and was promoted to Director of Finance and Accounting in 2010. In her present-day role, Ms. Courkamp manages the Finance, Accounting, Threat, Compliance, and Functions teams, including the deposit, loan, have faith in, financial commitment and property finance loan assist teams at To start with Western. Prior to becoming a member of the Organization, Ms. Courkamp held positions with PwC in Denver investigating concerns linked to SEC reporting, and coordinating and supervising audits and interim quarterly testimonials of public and personal organizations.

Ms. Courkamp retains a Bachelor of Science in Accounting from the College of Colorado at Boulder.

About Initially Western Economic, Inc.

First Western is a economical expert services keeping organization headquartered in Denver, Colorado, with functions in Colorado, Arizona, Wyoming and California. First Western and its subsidiaries offer a thoroughly built-in suite of wealth administration products and services on a non-public have confidence in lender platform, which contains a detailed selection of deposit, bank loan, rely on, wealth preparing and financial commitment management solutions and solutions. Initially Western’s prevalent stock is traded on the Nasdaq World Choose Current market beneath the symbol “MYFW.” For a lot more information, you should take a look at www.myfw.com.

Forward-Seeking Statements

Statements in this news launch about our expectations and beliefs about our long term economical performance and economic condition, as effectively as traits in our company and marketplaces are “forward-looking statements” as defined in the Personal Securities Litigation Reform Act of 1995. Ahead-searching statements normally involve terms these as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words and phrases of very similar this means, or potential or conditional verbs this kind of as “will,” “would,” “should,” “opportunity,” “could,” or “may.” The ahead-on the lookout statements in this information release are based on current data and on assumptions that we make about foreseeable future activities and situations that are subject to a number of risks and uncertainties that are typically tricky to predict and over and above our handle. As a consequence of those people challenges and uncertainties, our true monetary results in the upcoming could differ, possibly materially, from all those expressed in or implied by the ahead-hunting statements contained in this news release and could lead to us to make modifications to our long term ideas. Those hazards and uncertainties consist of, devoid of limitation, the COVID-19 pandemic and its results integration threats in relationship with acquisitions the danger of geographic concentration in Colorado, Arizona, Wyoming and California the possibility of modifications in the financial state impacting genuine estate values and liquidity the chance in our means to proceed to originate household genuine estate loans and market these loans threats unique to commercial loans and borrowers the threat of statements and litigation pertaining to our fiduciary responsibilities the threat of competitors for expenditure supervisors and experts the chance of fluctuation in the worth of our investment decision securities the chance of variations in interest costs and the risk of the adequacy of our allowance for personal loan losses and the chance in our capability to sustain a powerful core deposit base or other reduced-charge funding resources. Further details relating to these and other pitfalls and uncertainties to which our business and potential fiscal functionality are matter is contained in our Yearly Report on Type 10-K submitted with the U.S. Securities and Trade Commission (“SEC”) on March 12, 2020 (“Form 10-K”), and other paperwork we file with the SEC from time to time. We urge audience of this information launch to critique the “Risk Factors” segment our Type 10-K and any updates to people possibility components established forth in our subsequent Quarterly Stories on Form 10-Q, Present Studies on Type 8-K, and our other filings with the SEC. Also, our genuine economical success in the future may well vary from those at this time envisioned due to added risks and uncertainties of which we are not at the moment informed or which we do not at this time look at as, but in the long run may turn out to be, materials to our business enterprise or running outcomes. Because of to these and other doable uncertainties and threats, readers are cautioned not to position undue reliance on the ahead-looking statements contained in this news launch, which communicate only as of today’s date, or to make predictions based mostly only on historic monetary effectiveness. Any ahead-on the lookout assertion speaks only as of the day on which it is manufactured, and we do not undertake any obligation to update or critique any forward-looking statement, whether as a final result of new facts, foreseeable future developments or normally, other than as expected by law.

Contacts:
Financial Profiles, Inc.
Tony Rossi
310-622-8221

[email protected]

[email protected]

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