First Western Bancorp is merging its thrift and trust subsidiaries into its largest subsidiary, First Western Bank NA.

First Western Bank FSB and its 19 branches will be merged into First Western Bank by Sept. 5. In addition, First Western Trust Services Co. will become First Western Bank's trust division.

Thomas J. O'Shane, president and chief executive officer of the $1.7 billion-asset holding company, said it is trying to save money.

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.