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Optimism Helps Scott Wylie Weather Storms

Wylie started First Western Trust in 2002


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Serial entrepreneur Scott Wylie opened his first bank in 1987 in Puerto Rico, successfully introducing the private banking niche to the area. Wylie later led the acquisition of Equitable Bancshares of Colorado, a Denver-based bank holding company with two subsidiaries, now known as Colorado Business Bank. He then opened Trust Bank of Colorado, which he sold to Northern Trust. Wylie served as CEO of that organization before starting First Western Trust in 2002.

When the recession hit, First Western was able to prosper, due in part to Wylie’s optimism and belief in First Western’s business model, which successfully integrated wealth management and private banking.

Wylie, who has a Harvard MBA, believes in staying connected to his more than 240 employees through weekly meetings with local office presidents, lunches with all new hires at orientation and town hall meetings to answer questions from the support teams. His commitment to staying connected with the people at First Western has made him an influential CEO at all levels of the company, which has recently opened two new offices.

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Lisa Ryckman

Lisa Ryckman is ColoradoBiz's managing editor. Contact her at lryckman@cobizmag.com.

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