SCOTTSDALE, Ariz. -- First Western Corp. said it has completed its acquisition of Greenwich Capital Financial Inc., a mortgage company, for $152.3 million.

Robert W. Stallings, chairman and chief executive of First Western, said the company paid $22.3 million more than anticipated because of increases in Greenwich's mortgage loans and servicing portfolio.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.