First Western Financial to merge with Teton Financial

The Dunkirk Foundry Agreement provides a window into GFG's complex financing web

-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com First Western Financial is the parent company of First Western Trust Bank and Teton Financial Services is the parent company of Rocky Mountain Bank.

The deal is “expected to be 5.2% accretive to 2022 earnings per share and 0.4% dilutive to tangible book value,” First Western said. Based on First Western’s closing stock price of $26.46 a share on July 21, the aggregate merger consideration is valued at $47.8 million, the companies said.

The deal is expected to close late in the fourth quarter of this year or early in the first quarter next year, the companies said. Under the terms of the deal, holders of First Teton shares will receive 0.0466 share of First Western common stock and 39 cents in cash for each Teton Financial share.

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