First Western Financial's board authorized a $5 million share repurchase plan, effective June 12, 2026, after receiving no objection from the Federal Reserve.
Key takeaways
Board authorized up to $5 million in common stock repurchases on April 22, 2026.
Federal Reserve confirmed no objection to the Repurchase Plan on April 29, 2026.
Repurchase Plan effective for one year starting June 12, 2026, when current plan expires.
Company may repurchase shares via open market, private deals, or Rule 10b5-1 plans.
Plan does not obligate specific dollar amount or share count; can be modified or discontinued anytime.