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FIRST WESTERN FINANCIAL CORP. ANNOUNCES ACQUISITION OF BRANCHES

 LAS VEGAS, May 4 /PRNewswire/ -- Anne Bacon, president of First Western Financial Corp. (NASDAQ: FWES), announced today that First Western Bank (wholly owned subsidiary of First Western Financial Corp.) submitted the winning bid to the Resolution Trust Corp. (RTC) for the deposits of Las Vegas-based Atlantic Financial Savings.
 Under the agreement with the RTC, First Western will acquire deposits of approximately $55 million, loans of $30 million and cash of $25 million. In addition, First Western will assume two of the Atlantic Financial branch sites.
 According to Bacon, First Western hopes to close the transaction by Aug. 1, 1993. With the acquisition of these two branches and five new branches to be opened in 1993, First Western will have 23 branches in Nevada by year-end.
 -0- 5/4/93
 /CONTACT: Catherine A. Sourk, senior executive VP/treasurer of First Western Financial Corp., 702-871-2000/
 (FWES)


CO: First Western Financial Corp.; First Western Bank; Atlantic
 Financial Savings ST: Nevada IN: FIN SU: TNM


JB-LS -- LA039 -- 4407 05/04/93 14:31 EDT
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Publication:PR Newswire
Date:May 4, 1993
Words:170
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