1. An Integrated Investment Approach USA Swimming

2. First Western Investment Management Services 2 For USA Swimming, Inc. September 15, 2011

3. DISCLOSURE INFORMATION NOT FDIC INSUREDMAY LOSE VALUENO BANK GUARANTEE The information provided in this presentation is for illustrative purposes only. Actual individual account results may differ from any performance shown herein. All performance is shown gross of fees. Past performance is not a guarantee of future results. “Risk” as used in this presentation is presented on the historic volatility of returns, generally measured as a function of standard deviation from the mean investment return. Clients should note, however, that there is substantial risk of a permanent loss of capital in most, if not all, asset classes presented herein. 3

4. Agenda I. About First Western II. Investment Management III. Asset Allocation IV. Strategic and Tactical V. Russell Partnership VI. Working with USA Swimming 4

5. About First Western A unique Western-based private bank offering integrated wealth management services Nine (9) locations throughout the western United States As of June 2011, over $4 billion in assets under management, advice and administration and over $630 million in bank assets Inc. 500/5000’s fastest growing companies in 2008, 2009, and 2010, consistently among the top ranked bank/bank holding company on the list Best Places to Work – Denver Business Journal, 2008 finalist, Phoenix Business Journal 2010 finalist Fastest Growing Private Companies (Flight II) 2009-2010 Denver Business Journal -- #4 Who’s Lending? -- Denver Business Journal, 2010- # 1 bank with overall loan and lease portfolio growth among Denver-based banks Ranked as the #8 Denver-Area Trust Organization, based on the total Colorado fiduciary assets, according to the Denver Business Journal CoBIZ magazine’s Top Company 2010 Finalist 5

6. Our Investment Management Platform Over $4 billion in assets under management, advice and administration (60% HNW and 40% Institutional.) Expert research combined with access to world-class partners Centralized, process-driven decision-making Global exposure across asset classes Average of 29 years of investment management experience on Investment Policy Committee 6

7. Asset Allocation Cornerstone to Our Approach It’s about understanding risk and reward Understanding the difference between strategic and tactical allocation It's science and art - not a black box approach 7

8. What is the Challenge? 8 Achieving increased returns without increasing risk Risk Low High Potential Return

9. Strategic Allocation Calls for setting target allocations and then periodically rebalancing (realigning the weighting of portfolio assets) back to those targets as investment returns skew the original asset allocation percentages. Primary goal of the strategic allocation process is to determine the long-term exposure to the available asset classes and create an asset mix that provides the optimal balance between expected risk and return. 9

10. BEST PERFORMANCE WEAKEST PERFORMANCE REAL ESTATE -37.73 LARGE CAP GROWTH -38.44 SMALL CAP GROWTH -38.54 INT’L -43.06 LARGE CAP VALUE -36.85 LARGE CAP -37.60 SMALL CAP VALUE -28.92 BONDS 5.24 SMALL CAP -33.79 INT’L 11.63 INT’L 8.06 LARGE CAP GROWTH 38.71 SMALL CAP GROWTH 43.09 BONDS 10.26 SMALL CAP GROWTH 48.54 LARGE CAP GROWTH 23.12 LARGE CAP GROWTH 33.16 LARGE CAP GROWTH 2.66 LARGE CAP GROWTH 37.19 INT’L 20.33 INT’L 27.30 BONDS 11.63 BONDS 8.44 SMALL CAP VALUE 46.03 INT’L 20.70 SMALL CAP GROWTH 31.04 LARGE CAP GROWTH 30.49 INT’L 39.17 BONDS 8.69 INT’L -15.66 SMALL CAP GROWTH 1.23 SMALL CAP GROWTH -9.23 SMALL CAP GROWTH 14.31 BONDS 18.47 SMALL CAP GROWTH 11.26 SMALL CAP GROWTH 12.95 INT’L -13.96 SMALL CAP GROWTH -2.43 INT’L 6.36 LARGE CAP GROWTH -22.42 LARGE CAP GROWTH -20.42 LARGE CAP GROWTH -27.89 LARGE CAP GROWTH 29.75 LARGE CAP GROWTH 6.30 BONDS -2.92 INT’L 11.55 BONDS 3.63 INT’L 2.06 SMALL CAP GROWTH -22.43 INT’L -21.21 SMALL CAP GROWTH -30.26 BONDS 4.10 BONDS 4.34 200819941995199619971998199920002001200220032004 SMALL CAP VALUE 4.71 INT’L 14.02 LARGE CAP GROWTH 5.26 BONDS 2.43 2005 SMALL CAP GROWTH 4.15 LARGE CAP VALUE 38.35 LARGE CAP VALUE 35.18 LARGE CAP VALUE 21.64 LARGE CAP VALUE 15.63 LARGE CAP VALUE 7.01 LARGE CAP VALUE -15.52 LARGE CAP VALUE -5.59 LARGE CAP VALUE 16.49 LARGE CAP VALUE 7.35 LARGE CAP VALUE 30.03 LARGE CAP VALUE -1.99 LARGE CAP VALUE 7.05 LARGE CAP VALUE 22.25 SMALL CAP GROWTH 13.35 2006 BONDS 4.33 LARGE CAP GROWTH 9.07 LARGE CAP 37.77 LARGE CAP 32.85 LARGE CAP 27.02 LARGE CAP 22.45 LARGE CAP 0.38 LARGE CAP 20.91 LARGE CAP -7.79 LARGE CAP -12.45 LARGE CAP -21.65 LARGE CAP 29.89 LARGE CAP 11.40 LARGE CAP 6.27 LARGE CAP 15.46 SMALL CAP 47.25 SMALL CAP 21.26 SMALL CAP 2.49 SMALL CAP 18.33 SMALL CAP 28.44 SMALL CAP 22.36 SMALL CAP -3.02 SMALL CAP -1.82 SMALL CAP 16.49 SMALL CAP -20.49 SMALL CAP -2.55 SMALL CAP 4.55 SMALL CAP 18.37 SMALL CAP VALUE 14.03 SMALL CAP VALUE 22.83 SMALL CAP VALUE 22.25 SMALL CAP VALUE 31.78 SMALL CAP VALUE -11.43 SMALL CAP VALUE -1.55 SMALL CAP VALUE 21.37 SMALL CAP VALUE 25.75 BONDS -0.82 BONDS 9.65 SMALL CAP VALUE -6.45 SMALL CAP VALUE -1.49 SMALL CAP VALUE 23.48 INT’L 26.86 REAL ESTATE 35.26 REAL ESTATE 26.35 REAL ESTATE 31.57 REAL ESTATE 3.17 REAL ESTATE 13.93 REAL ESTATE 3.81 REAL ESTATE 37.14 REAL ESTATE 20.29 REAL ESTATE 15.25 REAL ESTATE -17.51 REAL ESTATE -4.62 REAL ESTATE 12.15 REAL ESTATE 35.06 LARGE CAP VALUE -0.17 SMALL CAP GROWTH 7.05 2007 BONDS 6.97 LARGE CAP GROWTH 11.81 LARGE CAP 5.77 SMALL CAP -1.57 SMALL CAP VALUE -9.78 REAL ESTATE -15.69 INT’L 32.46 SMALL CAP GROWTH 34.47 BONDS 5.93 LARGE CAP GROWTH 37.21 2009 LARGE CAP VALUE 19.69 LARGE CAP 28.43 SMALL CAP 27.17 SMALL CAP VALUE 20.58 REAL ESTATE 27.99 INT’L 7.75 SMALL CAP GROWTH 29.09 BONDS 6.54 LARGE CAP GROWTH 16.70 2010 LARGE CAP VALUE 15.50 LARGE CAP 16.1 SMALL CAP 26.85 SMALL CAP VALUE 24.50 REAL ESTATE 27.58 The Importance of Diversification 10 Source: Russell Investments.

11. Benefits of A Diversified Portfolio Expected Return: 7.18 STDEV: 11.83 Sharpe Ratio: 0.61 11 Source: Ibbotson Associates, First Western Trust Bank

12. Tactical Allocation Centers on altering investment proportions to take advantage of differences in expected performance of various asset classes. Allows for a range for percentiles (e.g. Stocks 40-50%) where managers evaluate the relative performance of each asset class and adjust the exposure based on expectations. 12

13. Rebalancing NR- Never Rebalanced R12- Rebalanced Annually $296k $292k $210k $96k 13 Source: Ibbotson Associates, First Western Trust Bank

14. About Russell Founded in 1936 $163.4 billion in assets under management (6/30/11) Approximately $786 billion* in assets under advisement (9/30/08) 2,300 institutional clients 6,157 investment products scrutinized annually Fewer than 4% of researched money managers make it into our funds First Western, through the acquisition of Reber Russell, has partnered with Russell since 1989 14

15. Advising Clients Worldwide 15 Representative Client List AT&T, Inc. Barclays Bank Bill and Melinda Gates Foundation Trust Boeing CHS Inc. Caterpillar Coca-Cola Bottling Co. Delta Airlines Federal Express Canada Limited Toyota Motor Pension Fund Representative client list as of 02/2011. Clients may contract for a variety of services from Russell Investment Group. For more information on the selection criteria, please refer to the disclosure slide. While the manager selection process utilized for Russell Funds is similar to the guidance and institutional fund management discipline that Russell provides to the clients listed, those clients have not invested in Russell Funds. Build investment strategies Help meet financial goals and obligations Implement disciplined approach

16. The Goal of Our Investment Process 16 The Heart of Russell’s difference: Institutional-quality money managers that are often not available to retail mutual fund investors Multi-style: 19 potential investment styles Multi-manager: Up to 49 independent money managers Russell’s goal is to deliver above-average returns with above-average consistency Multi-asset: Up to 4 asset classes

17. Value of Diversification 1993-2009 Small Cap Value Russell 2000® Value Index Measures the performance of those Russell 2000® Index securities with lower price-to-book ratios and lower forecasted growth values, representative of US securities exhibiting value characteristics. Small Cap Russell 2000® Index Measures the performance of the 2,000 smallest companies in the Russell 3000® Index, representative of the US small capitalization securities market. Small Cap Growth Russell 2000® Growth Index Measures the performance of those Russell 2000® Index securities with higher price-to-book ratios and higher forecasted growth values, representative of US securities exhibiting growth characteristics. Large Cap Russell 1000® Index Measures the performance of the 1,000 largest companies in the Russell 3000® Index, representative of the US large capitalization securities market. Large Cap Value Russell 1000® Value Index Measures the performance of those Russell 1000® Index securities with lower price-to-book ratios and lower forecasted growth values, representative of US securities exhibiting value characteristics. Large Cap Growth Russell 1000® Index Measures the performance of those Russell 1000® Index securities with higher price-to-book ratios and higher forecasted growth values, representative of US securities exhibiting growth characteristics. An index, with income reinvested, generally representative of intermediate-term government bonds, investment-grade corporate debt securities, and mortgage-backed securities. Bonds Barclays Capital U.S. Aggregate Bond Index International MSCI® EAFE Index An index, with dividends reinvested, representative of the securities markets of twenty developed market countries in Europe, Australasia, and the Far East. Real Estate NARIET Equity Reit Index An index, with dividends reinvested, representative of tax-qualified REITS listed on the New York Stock Exchange, American Stock Exchange, and the NASDAQ National Market System. 17

18. The Russell Difference Qualitative and quantitative methodology 18 Process Factors Strength of Philosophy Technological Superiority Implementation Skill Risk-management Techniques People Factors Leadership Quality of Personnel Continuity of Team Competitive Drive Performance Characteristics Excess Returns vs. Indexes Peer Group Comparisons Information Ratios Source of Excess Returns Portfolio Structure Validation of Style Adherence to Philosophy Role in Funds Scenario Risks Expectations Confirmation Qualitative 75% Quantitative 25% Validation

19. The Russell Difference Russell’s Manager Selection Process 19 200 500 5,200 8,000 Total Manager Products Monitored By Russell Investment Products Continually Monitored and Researched Managers With A Primary ‘Hire’ Rating Manager Products Used in Russell Funds

20. Russell Sample Portfolio Balanced Model Strategy for Russell funds 4 asset categories 28% U.S. Equity25% International and Global Equity7% Real Assets 40% Fixed Income 9 Russell Funds Russell U.S. Core Equity 12% Russell U.S. Quant Eq 12% Russell U.S. Small & Mid Cap 4% Russell Global Equity 8% Russell International Developed Markets 14% Russell Emerging Markets 3% Russell Real Estate Securities 3% Russell Commodity Strategies 4% Russell Strategic Bond 40% 22 investment styles Growth Market- oriented Value Market- oriented Growth Market- oriented ValueGrowth Market- oriented ValueGrowth Market- oriented ValueGrowth Market- oriented Value Global Market- oriented U.S. Market- oriented Value Global Market- oriented Fully discre- tionary Sector rotation 55 manager products BlackRock First Eagle Institu- tional Capital AJO Next Century Growth ClarivestDelphiGartmoreMFS Harris Associates Axiom AQR Capital Alliance Bernstein T. Rowe Price Arrow- street Capital Alliance Bernstein Cohen & Steers AEW Credit Suisse Goldman Sachs Brookfield Columbus Circle LazardMFSINTECHRanger DePrince, Race & Zollo T. Rowe Price Trade- winds MarsicoMFSMondrianUBSGenesisINVESCO Goldman Sachs PIMCO Logan Circle Montag & Caldwell RIMCo†Schneider Jacobs Levy Tygh Capital Jacobs Levy UBSPzena Harding Loevner MetWest SuffolkSnow Numeric Investors Signia Capital William Blair & Co. RIMCo† † This represents the role of the Funds’ investment advisor, Russell Investment Management Company (“RIMCo”), in exercising investment discretion over a portion of the Fund’s assets RIMCo has determined not to assign to a money manager pursuant to a proprietary “select holdings” investment strategy as more fully described in the Funds’ prospectuses. This does not represent the other aspects of RIMCo’s role as investment advisor of the Funds. Model Strategies represent target allocations of Russell funds; these models are not managed and cannot be invested in directly. You and your financial advisor may work to combine selected funds that differ from the illustrated combinations depending upon individual investment options. Managers Current as of July 1, 2010. 20

21. Investment Solutions 21 Implementation Investment SolutionManagement SolutionReason Investment Portfolio - $100,000 - $250,000 Single Style-Allocation Fund Frank Russell CompanyLower cost LifePoints FundsGreater diversification Investment Portfolio - $250,000 - $750,000 US Swim Asset Allocation Frank Russell CompanyMaster IPS – lower cost Institutional Funds Investment Portfolio – Over $750,000 Customized Asset Allocation Frank Russell Company Customized IPS Funds Institutional pricing Investment Portfolio < $100,000 Bank Deposits, CDs

22. First Western Fee Structure 22 LSC Investment SizeSolution Fee StructureFees IPS $100-$250,000Investment Mgmt Fee.50% Stand alone Average LifePoints Fund1.03% Total Approx. Fee1.53% $250-$750,000Investment Mgmt Fee.75% Master Average Fund Expense.77% Total Approx. Fee1.52% Over $750,000Investment Mgmt Fee.75% Stand alone Average Fund Expense.77% Total Approx. Fee1.52%

23. Together With Russell, We Bring You… Investments designed to address your objectives Asset allocation Manager selection and monitoring Research and development Investment education 23

24. Questions