Initially Western Money, Inc. Announces Addition of Scott Mitchell and Julie Courkamp to Board of Directors

DENVER, Feb. 04, 2021 (Globe NEWSWIRE) — To start with Western Economic, Inc. (NASDAQ: MYFW),…

DENVER, Feb. 04, 2021 (Globe NEWSWIRE) — To start with Western Economic, Inc. (NASDAQ: MYFW), a economic companies holding corporation headquartered in Denver, Colorado (“First Western” or the “Company”), today announced 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 sizing of the Company’s Board of Administrators has been elevated from 9 to 11 associates.

Scott C. Wylie, Chairman and CEO of Very first Western, mentioned, “Since starting up the Enterprise, our intention has often been to have a Board of Directors that consists of remarkably skilled users that symbolize a assorted vary of experience and talent sets. With the addition of Scott and Julie, we have additional strengthened our Board with abilities in significant regions and increased the range of perspectives that will be deemed in our discussions and strategic planning.

“As a thriving entrepreneur with an extraordinary observe record of strengthening the economical and operational performance of organizations in a selection of industries, Scott signifies the type of business enterprise chief that we provide in both our personal banking and business financial institution platforms. In addition, as a 6 Sigma Master Black Belt, Scott presents specialized abilities and working experience in driving operational efficiencies that will be beneficial as we continue to scale First Western and improve running leverage whilst upgrading our know-how platform and improving controls and processes.

“Since turning out to be Main Economic Officer of 1st Western in 2013, Julie has continually taken on rising obligations beyond our finance division like oversight of our operations, danger administration, and technology features. We imagine the important array of her encounter will be an asset at the Board stage. Her Board support will also be beneficial as she continues to increase her management function within just the Enterprise in the future,” said Mr. Wylie.

About Scott C. Mitchell&#13

Scott C. Mitchell is President of U.S. Engineering, Metalworks, a comprehensive-provider mechanical contractor supplying alternatives for the existence of a facility in a extensive variety of industries these types of as healthcare, education, business, government, and industrial. Prior to his current position, Mr. Mitchell served as President of a amount of other profitable producing businesses such as Mercury Merchandise, a company of tailor made metallic-stamped and fabricated elements, Intertech Plastics & Intertech Health care, a superior-velocity, large-volume manufacturer of customized injection molded plastic products and turnkey solutions, and Sylarus Technological know-how, an early-phase, begin-up photo voltaic organization. Earlier in his job, Mr. Mitchell was a husband or wife at Accenture, exactly where he initiated a collection of operational excellence initiatives to raise margins whilst enhancing shopper assistance, and also served as Senior Vice President of Initially Information and Western Union Corporation, where by he led a crew of Lean Manufacturing and 6 Sigma specialists in driving company development and operational advancements all over the globe.

Mr. Mitchell retains 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 Grasp Black Belt and Lean Production Facilitator, and has served as a board member of the Governor of Colorado’s Leaders Initiative and the Denver Conference Center Lodge Authority.

About Julie A. Courkamp

Ms. Courkamp has served as Treasurer and Main Monetary Officer of the Firm and Initial Western Have confidence in Financial institution since 2013. She joined the Company in 2006 as its Controller and was promoted to Director of Finance and Accounting in 2010. In her present-day job, Ms. Courkamp manages the Finance, Accounting, Danger, Compliance, and Operations teams, which includes the deposit, financial loan, rely on, financial investment and mortgage loan help teams at First Western. Prior to joining the Enterprise, Ms. Courkamp held positions with PwC in Denver exploring concerns connected to SEC reporting, and coordinating and supervising audits and interim quarterly testimonials of general public and personal corporations.

Ms. Courkamp holds a Bachelor of Science in Accounting from the University of Colorado at Boulder.&#13

About First Western Economic, Inc.

First Western is a economic expert services holding company headquartered in Denver, Colorado, with operations in Colorado, Arizona, Wyoming and California. 1st Western and its subsidiaries deliver a thoroughly built-in suite of wealth administration products and services on a private belief financial institution system, which involves a thorough collection of deposit, mortgage, trust, wealth arranging and financial investment management items and solutions. Very first Western’s frequent inventory is traded on the Nasdaq Worldwide Find Marketplace underneath the symbol “MYFW.” For additional data, you should go to www.myfw.com.

Ahead-Searching Statements

Statements in this information release relating to our expectations and beliefs about our future economic general performance and economic problem, as perfectly as tendencies in our organization and marketplaces are “forward-hunting statements” as described in the Private Securities Litigation Reform Act of 1995. Ahead-hunting statements usually consist of words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words and phrases of equivalent that means, or foreseeable future or conditional verbs this sort of as “will,” “would,” “should,” “opportunity,” “could,” or “may.” The ahead-wanting statements in this information launch are centered on present info and on assumptions that we make about potential occasions and instances that are topic to a amount of risks and uncertainties that are frequently challenging to forecast and outside of our regulate. As a end result of these threats and uncertainties, our real financial final results in the long run could vary, quite possibly materially, from people expressed in or implied by the forward-seeking statements contained in this news release and could cause us to make changes to our upcoming strategies. People risks and uncertainties contain, with out limitation, the COVID-19 pandemic and its results integration hazards in connection with acquisitions the threat of geographic focus in Colorado, Arizona, Wyoming and California the possibility of modifications in the financial system influencing genuine estate values and liquidity the danger in our capacity to proceed to originate residential true estate loans and sell these loans pitfalls certain to commercial financial loans and debtors the risk of promises and litigation pertaining to our fiduciary obligations the possibility of level of competition for expenditure administrators and experts the risk of fluctuation in the worth of our investment securities the possibility of modifications in curiosity fees and the hazard of the adequacy of our allowance for financial loan losses and the hazard in our capability to retain a strong core deposit base or other low-value funding resources. Additional info about these and other pitfalls and uncertainties to which our business and future economical overall performance are topic is contained in our Annual Report on Type 10-K submitted with the U.S. Securities and Trade Fee (“SEC”) on March 12, 2020 (“Form 10-K”), and other documents we file with the SEC from time to time. We urge viewers of this news launch to evaluate the “Risk Factors” portion our Form 10-K and any updates to all those danger aspects set forth in our subsequent Quarterly Stories on Variety 10-Q, Current Experiences on Kind 8-K, and our other filings with the SEC. Also, our genuine money final results in the long run could vary from individuals presently anticipated owing to extra challenges and uncertainties of which we are not currently conscious or which we do not presently watch as, but in the long term may well come to be, material to our company or operating benefits. Owing to these and other achievable uncertainties and risks, viewers are cautioned not to position undue reliance on the forward-searching statements contained in this news release, which communicate only as of today’s date, or to make predictions primarily based only on historic economic performance. Any forward-hunting assertion speaks only as of the date on which it is built, and we do not undertake any obligation to update or overview any ahead-looking assertion, no matter whether as a final result of new details, potential developments or normally, other than as expected by legislation.

Contacts:
Financial Profiles, Inc.
Tony Rossi
310-622-8221&#13

[email protected]
[email protected]

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