First Western Trust announced Aug. 28 it has entered into an agreement to acquire substantially all of the assets of Englewood Mortgage Company, a leading mortgage firm in the Denver market. The acquisition will strengthen First Western’s existing mortgage business and complement its suite of private banking services.
“As a growing company, we are always looking for ways to broaden our reach and deepen our expertise,” said First Western CEO, Scott Wylie. “The addition of EMC does just that, expanding our current mortgage capabilities and enhancing our ability to deliver on the high-touch service our clients have come to expect from us.”
Englewood Mortgage Company is a locally-owned and operated mortgage firm located in Greenwood Village. Established in 1987, the company has 41 full-time employees.
“It was an easy decision for EMC,” said EMC CEO Alan Schrum. “First Western Trust has an outstanding reputation and a terrific track record. We look forward to adding our mortgage experience to their already considerable wealth management capabilities.”
The asset acquisition is anticipated to close Sept.15.