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FIRST WESTERN BANCORP, INC. ANNOUNCES PROPOSED COMMON STOCK OFFERING

 FIRST WESTERN BANCORP, INC. ANNOUNCES PROPOSED COMMON STOCK OFFERING
 NEW CASTLE, Pa., Feb. 27 /PRNewswire/ -- First Western Bancorp, Inc. (NASDAQ: FWBI) announced today that it has filed a Registration Statement with the Securities and Exchange Commission relating to a proposed public offering of 750,000 shares of its common stock. The proceeds from the offering, to be managed by Legg Mason Wood Walker, Incorporated and Parker/Hunter, Incorporated, will be used for general corporate purposes. It is anticipated that the underwriters will be granted an option to purchase up to an additional 15 percent, or 112,500 shares, to cover overallotments, if any.
 A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This communication does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 First Western Bancorp, Inc., headquartered in New Castle, is a $1.1 billion bank holding company and is the parent of First National Bank of Western Pennsylvania, Beaver Trust Company, First Federal of Western Pennsylvania and First Western Trust Services Company, with currently 39 offices located in seven western Pennsylvania counties and one northeastern Ohio county.
 -0- 2/27/92
 /CONTACT: Robert H. Young of First Western Bancorp, Inc., 412-652-8550, Ext. 137/
 (FWBI) CO: First Western Bancorp, Inc. ST: Pennsylvania IN: FIN SU: OFR


SM -- PG014 -- 3492 02/27/92 17:31 EST
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Publication:PR Newswire
Date:Feb 27, 1992
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