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FIRST WESTERN BANCORP SUBSIDIARY UNVEILS NEW NAME

 NEW CASTLE, Pa., Nov. 15 /PRNewswire/ -- A subsidiary of First Western Bancorp (NASDAQ: FWBI), First Federal of Western Pennsylvania, has changed its name to First Western Bank, F.S.B., it was announced today.
 On Sept. 13, First National Bank of Western Pennsylvania and Beaver Trust Company consolidated under a new name, First Western Bank, N.A.
 "These name changes reflect the unity of our partnership, our heritage, our values and our future," said Thomas J. O'Shane, president and chief executive officer of First Western Bancorp, Inc. "And, in the future, we are going to make them stand for one idea: our unwavering commitment to bring home the best in banking."
 The consolidation of banking operations will allow the First Western Bank subsidiary to implement new banking services, provide more information to customers and dedicate more time to quality service. Increased lending limits will give commercial customers access to larger loans.
 "Like each of our partner banks, we are totally committed to the idea of putting our customers first, and that they, and the communities we serve, deserve the best that banking can offer," said O'Shane.
 First Western Bancorp currently serves eight counties in western Pennsylvania and eastern Ohio through its networking of 36 community offices.
 With $240 million in assets, First National Bank of Western Pennsylvania, founded in 1855, formed a holding company in 1982, First Western Bancorp, Inc. Four years later First Western began service in the Beaver community when the Beaver Trust Company, founded in 1902, joined with assets of $161 million. In 1988, First Western began service in the Butler County area when it added two offices acquired from First Seneca Bank and Union National Bank. Those offices had $40 million in assets.
 In 1990, First Western increased its service area to include Mercer County, Venango County and Ashtabula County in Ohio, when First Federal of Western Pennsylvania, founded in 1872, joined with assets of $302 million. In 1991, First Western acquired seven branches of Colony Federal Savings Bank, adding assets of $163 million, and adding the Erie County market as well as additional offices in the Beaver County area.
 Today First Western Bancorp's assets have grown to $1.2 billion, and it employs over 500 residents of the communities it serves.
 -0- 11/15/93
 /CONTACT: David J. Stuber of First Western Bank, 412-652-5511; or Stephanie L. Zimmerman of George Hill Company, 412-471-3700, for First Western/
 (FWBI)


CO: First Western Bankcorp; First Federal of Western Pennsylvania;
 First Western Bank, F.S.B. ST: Pennsylvania IN: FIN SU:


DM-JT -- PG022 -- 4692 11/15/93 17:06 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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