Five years after becoming one of the first commercial banking companies to buy a healthy thrift, a western Pennsylvania company has seen its experiment in shifting a thrift's product mix bear fruit.

Since 1990, when First Western Bancorp purchased First Federal Savings and Loan of Western Pennsylvania and changed its name to First Western Bank, the profits of the thrift subsidiary have nearly tripled, while its return on assets has more than doubled.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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