Articles from First Foundation Inc.

First Foundation Bank has awarded Neighborhood Housing Services of the Inland Empire (NHSIE) a $10,000 grant to support its Black Homeownership Program. This initiative aims to increase homeownership opportunities and provide financial empowerment resources for Black families in the region.

First Foundation Bank, in partnership with the Federal Home Loan Bank of San Francisco, is proud to announce a $100,000 grant awarded to TMC Community Capital (TMC). This grant highlights First Foundation Bank's commitment to promoting economic growth and financial inclusion in underserved communities.

First Foundation Inc. (NYSEFFWM) – First Foundation Inc. is proud to announce a donation of $40,000 to aid communities impacted by the ongoing California Wildfires. The funds are being equally distributed between two organizations actively involved in the relief, recovery, and rebuilding efforts.

First Foundation Inc. (NYSEFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended December 31, 2024.

First Foundation Inc. (NYSEFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter 2024 earnings results before the market opens on Thursday, January 30, 2025.

First Foundation Inc. (NYSEFFWM) (the “Company”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the appointment of Thomas C. Shafer as its Chief Executive Officer. Mr. Shafer’s appointment follows the retirement of Scott F. Kavanaugh, who has served the Company as Chief Executive Officer since 2009 and as a member of the Board of Directors since 2007.

First Foundation Inc. (NYSEFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended September 30, 2024.

First Foundation Inc. (“we,” “our,” “us,” “First Foundation” or the “Company”) (NYSEFFWM), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the reclassification of a portion of its multifamily portfolio totaling $1.9 billion principal balance from loans held to maturity to loans held for sale (the “Loan Reclassification”).

First Foundation Inc. (NYSEFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2024 earnings results before the market opens on Tuesday, October 29.

First Foundation Inc. (NYSEFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended June 30, 2024.

First Foundation Inc. (NYSEFFWM) ("First Foundation" or the "Company'') today announced the closing of its individual investments aggregating to $228 million in the Company from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors.

First Foundation Inc. (NYSEFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2024 earnings results before the market opens on Thursday, July 25.

First Foundation Inc. (NYSEFFWM) ("First Foundation" or the "Company'') today announced that affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors have agreed to make individual investments aggregating to $228 million in the Company, subject to the satisfaction of customary closing conditions set forth in the parties’ respective investment agreements. In connection with this equity investment, Fortress affiliates are expected to invest $115 million, Canyon Partners is expected to invest $46 million, Strategic Value Bank Partners is expected to invest $22 million, and North Reef Capital is expected to invest $22 million, with the remaining coming from other investors.

First Foundation Inc. (NYSEFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its first quarter 2024 earnings results before the market opens on Thursday, April 25.

First Foundation Inc. (NYSEFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended March 31, 2024.

First Foundation Inc. (NYSEFFWM) ("First Foundation"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announces the nonprofit recipients of its 'Supporting Our Communities' philanthropy initiative.

First Foundation Inc. (NYSEFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended December 31, 2023.

First Foundation Inc. (NYSEFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter 2023 earnings results before the market opens on Thursday, January 25.

First Foundation Inc. (NYSEFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the reopening of their Fifth Avenue office in Naples, Florida.

First Foundation Inc. (NYSEFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended September 30, 2023. Additionally, First Foundation Inc. announced today that its Board of Directors approved the payment of a quarterly cash dividend of $0.01 per common share payable on November 16, 2023, to common shareholders of record as of November 6, 2023.

First Foundation Inc. (NYSEFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2023 earnings results before the market opens on Thursday, October 26.

First Foundation Inc. (NYSEFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today its inclusion on the list of 2023 Top 100 RIA Firms by Barron's. The annual list recognizes the top-ranked RIAs in the country based on Barron’s proprietary ranking system that includes assets under management, revenue, and quality of practice.

First Foundation Inc. (NYSEFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that First Foundation Advisors has been recognized as one of 2023’s top financial advisory firms for the second consecutive year. The CNBC FA100 is an annual list, issued on September 12, 2023, which recognizes firms that provide wealth management services to their clients. First Foundation Advisors ranked seventeenth on the national list.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it is transferring the listing of its common stock to the New York Stock Exchange (NYSE) from The Nasdaq Stock Market LLC (Nasdaq) and will continue to be traded under the ticker symbol ‘FFWM’. First Foundation’s common stock is expected to begin trading on the NYSE on Tuesday, August 22, 2023. The Company expects its common stock to continue to trade on Nasdaq until the close of market on Monday, August 21, 2023.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, is pleased to announce the appointment of James (“Jamie”) Britton as Executive Vice President, Chief Financial Officer, effective August 14, 2023. Reporting to Scott F. Kavanaugh, President and Chief Executive Officer, Mr. Britton will lead the financial operations teams for First Foundation and its subsidiaries.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended June 30, 2023.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2023 earnings results before the market opens on Thursday, July 27.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today announced that, based on a preliminary vote count provided by its proxy solicitors, stockholders voted to elect, by a substantial margin, all ten of the Company’s director candidates to the Board of Directors at the 2023 Annual Meeting of Stockholders (the “Annual Meeting”).

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today announced that Institutional Shareholder Services (“ISS”), a leading proxy advisory firm, has recommended that First Foundation stockholders vote for ALL of First Foundation’s ten highly qualified director nominees at the upcoming Annual Meeting of Stockholders scheduled for Tuesday, June 27, 2023.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it has filed an investor presentation with the U.S. Securities and Exchange Commission (“SEC”) in connection with its 2023 Annual Meeting of Stockholders, which is scheduled to be held on Tuesday, June 27, 2023. The full presentation can be found here.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today released a letter it is mailing from the First Foundation Board of Directors to First Foundation’s Stockholders in connection with its 2023 Annual Meeting of Stockholders, which is scheduled to be held on Tuesday, June 27, 2023.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today filed definitive proxy materials with the U.S. Securities and Exchange Commission in connection with its 2023 Annual Meeting of Stockholders, which is scheduled to be held on June 27, 2023.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that the Company has reached an agreement with Driver Opportunity Partners I LP, an affiliate of Driver Management Company LLC (together, “Driver”) that will allow Driver’s nominee, Allison Ball, to stand for election to the Board of Directors (the “Board”) at the Company’s 2023 Annual Meeting of Stockholders. Additionally, the settlement contemplates mutually agreed upon governance practices related to the nomination of future nominees. Further, it ends the parties’ costly and disruptive litigation in Delaware Chancery Court.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended March 31, 2023.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that Gabriel (“Gabe”) Vazquez has been appointed an independent director to the Company’s Board of Directors (“Board”). Mr. Vazquez was concurrently appointed to the Board of Directors of First Foundation Bank.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its first quarter 2023 earnings results before the market opens on Thursday, April 27.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank today issued the following updated financial information to reiterate its strong financial position as a regional bank.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank today issued the following updated financial information to reiterate its strong financial position as a regional bank.

First Foundation Inc. (NASDAQFFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today issued the following statement with respect to actions taken by Driver Opportunity Partners I LP, an affiliate of Driver Management Company LLC (together, “Driver”), as well as Driver’s purported intent to nominate two director candidates to stand for election to the First Foundation Board of Directors (the “Board”) at the Company’s 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”):

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the fourth quarter and year end December 31, 2022.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter and full-year 2022 earnings results before the market opens on Thursday, January 26.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced Christopher M. Naghibi, who has served as Executive Vice President, Chief Credit Officer of the Bank since October 2014, will serve as Executive Vice President, Chief Operating Officer of the Bank, effective immediately. Additionally, Hugo Nuño, who has served as Chief Risk Officer since 2012, will serve as Executive Vice President, Chief Banking Officer, a newly created position, effective immediately.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it has awarded $635,000 to 45 nonprofits across its markets through its ‘Supporting Our Communities’ philanthropy initiative.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that Chief Executive Officer, Scott F. Kavanaugh, has been named President of First Foundation Inc. and First Foundation Bank, effective immediately.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that David DePillo, who has served as President of First Foundation Inc. and First Foundation Bank since 2015, will step down effective immediately.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter ended September 30, 2022.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2022 earnings results before the market opens on Tuesday, October 25.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced it has been named to the Piper Sandler Sm-All Stars: Class of 2022, marking the second year the bank has received this recognition.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced it recently awarded grants totaling $40,000 to three North Texas nonprofit organizations in honor of North Texas Giving Day, the nation’s largest regional giving event.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced two new leadership appointments in the trust and advisory divisions of the newly acquired Naples, Florida location.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Emari Hunn as Vice President, Branch Manager at the bank’s Honolulu, Hawaiʻi location.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter ended June 30, 2022.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2022 earnings results before the market opens on Tuesday, July 26.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today it has opened a new branch in Plano, Texas.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter ended March 31, 2022.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its first quarter 2022 earnings results before the market opens on Tuesday, April 26.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter and year ended December 31, 2021.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it has completed a $150 million offering of its 3.50% fixed-to-floating rate subordinated notes due 2032 (the “Notes”).

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced that it has priced an underwritten public offering of $150 million aggregate principal amount of its fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes will initially bear a fixed interest rate of 3.50% per year. Commencing on February 1, 2027, the interest rate on the Notes resets quarterly to the three-month SOFR rate plus a spread of 204 basis points, payable quarterly in arrears. The offering is expected to close on January 24, 2022, subject to the satisfaction of customary closing conditions. First Foundation plans to use the net proceeds from the Notes offering for general corporate purposes, which may include, without limitation, providing capital to support its organic growth or growth through strategic acquisitions, financing investments, capital expenditures, investments in First Foundation Bank to support regulatory capital, and repaying up to $30 million of indebtedness.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced the recipients of its ‘Supporting Our Communities’ philanthropy initiative.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter 2021 earnings results before the market opens on Monday, January 31.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank (collectively “First Foundation”), announced that it has completed its acquisition, effective as of December 17, 2021, of TGR Financial, Inc. and its bank subsidiary, First Florida Integrity Bank, a Florida state-chartered bank with seven branch offices located throughout Southwest Florida plus a corporate office in Naples.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that all required regulatory approvals or waivers for the merger of TGR Financial, Inc. with and into First Foundation and the merger of First Florida Integrity Bank with and into First Foundation Bank have been received. Subject to the satisfaction of the remaining closing conditions, the mergers are expected to close on or about December 17, 2021.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter ended September 30, 2021.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2021 earnings results before the market opens on Tuesday, October 26.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Tim Cody as Senior Vice President, Managing Director of Construction Lending.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced the expansion of their Commercial Banking team in Los Angeles county with the appointment of Matthew Ashworth as SVP, Director of Commercial Banking, Leeza Jinian as SVP, Commercial Banking Manager, and Yenee Mesfin as SVP, Commercial Banker.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter ended June 30, 2021.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced the expansion of their Los Angeles footprint with the opening of its Sherman Oaks branch office.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2021 earnings results before the market opens on Tuesday, July 27.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Kelly Rentzel as Executive Vice President, General Counsel.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, and TGR Financial, Inc. (OTCQX: TGRF), today jointly announced the execution of a definitive agreement under which TGR Financial will merge into First Foundation in an all-stock transaction valued at approximately $295 million, or $15.23 per TGR Financial share, based on the closing price of First Foundation’s common stock on May 28, 2021.

First Foundation Inc. (NASDAQFFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Aric Graham as Senior Vice President, Corporate Banking Director.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the quarter ended March 31, 2021.

First Foundation Inc. (NASDAQFFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced it has made a strategic investment in NYDIG, a leading provider of technology and investment solutions for Bitcoin. Terms of the deal were not disclosed.