First Western Trust Appoints Jeff Miller as Scottsdale Market President
Rhea-AI Summary
First Western Trust (NASDAQ: MYFW) appointed Jeff Miller as Scottsdale Market President, effective March 6, 2026. Miller brings 15+ years of commercial and private banking experience, with expertise in real estate finance and commercial lending.
He will focus on expanding First Western Trust’s Scottsdale presence and deepening relationships with local business owners, executives, and wealth creators while remaining active in community and civic roles.
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News Market Reaction – MYFW
On the day this news was published, MYFW declined 1.67%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
MYFW declined -2.82% while peers showed mixed, mostly modest moves (e.g., CBNA +0.08%, PWOD -2.76%). No coordinated sector momentum or scanner-driven peer moves were detected, indicating the action appears stock-specific rather than a broad regional bank move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 22 | Q4 2025 earnings | Neutral | -8.8% | Fourth quarter 2025 financial results with loan growth and margin improvement. |
| Jan 16 | Community initiative | Neutral | -1.1% | Digital art installation underscoring long-term arts and community engagement. |
| Jan 07 | Earnings date set | Neutral | +2.2% | Announcement of Q4 2025 results release and investor conference call schedule. |
| Nov 10 | Leadership appointment | Positive | +2.4% | Naming an Arizona regional president to drive growth and community initiatives. |
| Oct 23 | Q3 2025 earnings | Neutral | -1.7% | Third quarter 2025 results with higher income and significant deposit growth. |
Recent earnings and corporate news have often seen modest to negative next-day moves, even when results or strategic updates emphasized growth and balance sheet expansion.
Over the last few months, MYFW has focused on financial performance and regional growth. Q3 and Q4 2025 earnings highlighted rising net income, expanding loans, and deposit growth, but shares moved -1.68% and -8.81% afterward. The company also announced Arizona leadership expansion on Nov 10, 2025 and cultural initiatives in Boulder on Jan 16, 2026, both tied to its high-touch, community-focused model. Today’s Scottsdale market president appointment fits that ongoing Arizona growth strategy.
Market Pulse Summary
This announcement highlights MYFW’s continued investment in Arizona, appointing a Scottsdale market president with 15+ years of commercial and private banking experience and deep local ties. It follows prior Arizona leadership moves and aligns with the firm’s high-touch, wealth-focused model described in recent filings. Investors may watch how this hire supports loan and deposit growth in the Phoenix region and complements the broader strategy outlined in the company’s 2025 results and regulatory disclosures.
AI-generated analysis. Not financial advice.
SCOTTSDALE, Ariz., March 06, 2026 (GLOBE NEWSWIRE) -- First Western Trust, a subsidiary of First Western Financial, Inc. (NASDAQ: MYFW), announces the appointment of Jeff Miller as Scottsdale Market President. With more than 15 years of experience in commercial and private banking, Miller brings deep lending expertise, proven leadership, and strong ties to the Scottsdale community.
Miller joins First Western Trust following a senior leadership role at FirstBank, where he led commercial and consumer credit teams and supported business development across the Phoenix metro area. He is widely recognized for his strengths in real estate finance, commercial lending, and development banking, as well as his ability to build lasting client relationships built on trust and performance.
Drawn to First Western Trust’s personalized, holistic approach, Miller will focus on expanding the firm’s presence in Scottsdale by deepening relationships with business owners, executives, and wealth creators navigating increasingly complex financial needs.
A Scottsdale resident since 2010, Miller has been deeply engaged in the community. He serves as Chairman of the Board for the Scottsdale Police Foundation, Board Chair of the Scottsdale Public Art Advisory Board, and a board member of the Scottsdale Area Chamber of Commerce.
Jeff Miller commented:
“I'm extremely excited to join a talented group of leaders at First Western Trust, focused on providing best-in-class service to the Scottsdale community.”
Miller’s leadership aligns with First Western Trust’s model in Arizona: combining institutional depth with meaningful local engagement to support clients whose financial lives are evolving and expanding.
Scott Wylie, Founder, Chairman, and CEO of First Western Trust, noted,
“Jeff exemplifies the balance we value most—strong institutional expertise paired with meaningful engagement, serving as the local connector for our clientele in Arizona. His leadership will be instrumental as we continue to grow our presence in Scottsdale and serve clients with increasingly complex financial needs.”
Jeff Miller holds a Bachelor of Science in Finance from Arizona State University and is a graduate of the ABA Stonier Graduate School of Banking, with additional executive education from Wharton Executive Education. He and his family remain actively involved in the Scottsdale community and look forward to continuing their engagement through civic, philanthropic, and cultural initiatives.
Serving the Greater Phoenix Market
While Miller will lead the firm’s Scottsdale office, First Western Trust serves high-net-worth individuals, families, and business owners throughout the greater Phoenix region, including Phoenix and Paradise Valley. With local leadership and integrated banking, lending, and wealth management capabilities, the firm delivers sophisticated solutions designed to meet the evolving needs of Arizona’s most accomplished individuals and enterprises.
About First Western Trust
First Western Trust partners with clients at defining moments in their financial journeys, when success brings new complexity and the path forward is not always clear. By meeting clients where they are, the firm helps guide what comes next, often addressing challenges clients may not have anticipated.
Through a personalized, holistic approach, First Western Trust integrates banking, lending, and wealth management without silos, delivering thoughtful solutions and peace of mind through every stage of wealth.
Headquartered in Denver, First Western Trust serves high-net-worth individuals, families, and business owners across the Western United States.
Media Contact
Nicole Zimmermann
Head of Marketing, First Western Trust
720-582-2825 | Nicole.Zimmermann@myfw.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1b59498e-31d6-4a98-9a3f-81b385c9bb70
https://www.globenewswire.com/NewsRoom/AttachmentNg/4477e9b6-0f79-4a5a-871d-0050f844ae86
FAQ
Who is Jeff Miller and what role did he take at First Western Trust (MYFW) on March 6, 2026?
What experience does Jeff Miller bring to his new role at First Western Trust (MYFW)?
What will Jeff Miller prioritize as Scottsdale Market President for First Western Trust (MYFW)?
How does Jeff Miller’s community involvement relate to his role at First Western Trust (MYFW)?
How does Jeff Miller’s appointment affect First Western Trust’s service footprint in the greater Phoenix market (MYFW)?
