| For immediate release |
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The Federal Reserve Board on Wednesday announced the issuance of a consent Order against Michael Sahlgren, an institution-affiliated party of the First Western Bank, Cooper City, Florida, a state member bank. Mr. Sahlgren, without admitting to any allegations, consented to the issuance of the Order to resolve allegations that he violated the Change in Bank Control Act and an order issued under the Change in Bank Control Act by the Board of Governors in connection with his acquisition of beneficial ownership of shares of the bank. A copy of the Order is attached. |