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First Foundation Bank Opens New Branch in Plano, Texas
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
First Foundation Inc. (NASDAQ: FFWM) has opened a new branch in Plano, Texas, aiming to enhance its presence in North Texas. The new full-service location, at 1601 Preston Road, Suite K, aligns with the company's growth strategy to expand its footprint in Texas and Florida, as well as Southern California. CEO Scott F. Kavanaugh expressed confidence in the new branch's ability to meet the increasing demand for banking services in the area, supported by a skilled local team led by Vice President Tyler Younger. This expansion reflects First Foundation's commitment to its clients and community.
Positive
New branch opening in Plano, Texas to enhance regional presence.
Supports First Foundation's growth strategy with expansion in key markets.
Led by experienced local team, enhancing service delivery.
Negative
None.
IRVINE, Calif.--(BUSINESS WIRE)--
First Foundation Inc. (NASDAQ: FFWM) (“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.
Along with First Foundation’s principal executive office in Dallas, the new branch located at 1601 Preston Road, Suite K in Plano, Texas expands First Foundation’s presence in North Texas. The opening of this de novo location supports First Foundation’s growth strategy that it has been following over the past couple of years, which has included adding locations in Texas and Florida as well as expanding in Southern California.
“First Foundation Bank is pleased to have a retail branch to serve clients in North Texas,” said Scott F. Kavanaugh, CEO of First Foundation. “When we moved the holding company’s principal executive offices to Dallas last year, our focus was on finding the right location and team to open our first full-service branch in the area. We think this location perfectly positions us, as we see an increase in demand for our banking services from individuals and businesses located in North Texas. It is also an added benefit to have the leadership and expertise of a talented branch team that maintains strong ties to the local community.”
The branch will be led by Vice President and Branch Manager Tyler Younger. With 17 years of experience in banking and a strong understanding of the local area, Mr. Younger was brought in to lead the Plano branch team.
“It is great to be up and running in our new Plano location,” said Senior Vice President and Retail Banking Executive Rich Christensen. “The entire team did such a fantastic job on this build-out and we are very proud to open our doors today. We know this community has a rich history of banking, and we are grateful for the warm reception we have already received. We are honored to be here and look forward to serving our new clients.”
The Plano branch is located at 1601 Preston Road, Suite K, Plano, TX 75093.
First Foundation Inc. (NASDAQ: FFWM) and its subsidiaries offer personal banking, business banking, and private wealth management services, including investment, trust, insurance, and philanthropy services. This comprehensive platform of financial services is designed to help clients at any stage in their financial journey. The broad range of financial products and services offered by First Foundation are more consistent with those offered by larger financial institutions, while its high level of personalized service, accessibility, and responsiveness to clients is more aligned with community banks and boutique wealth management firms. This combination of an integrated platform of comprehensive financial products and personalized service differentiates First Foundation from many of its competitors and has contributed to the growth of its client base and business. Learn more at firstfoundationinc.com, or connect with us on LinkedIn and Twitter.
First Foundation Inc. Tyler Resh Director of Marketing and Strategy
949-202-4131
tresh@ff-inc.com
Source: First Foundation Inc.
FAQ
What is the significance of First Foundation's new branch opening in Plano, Texas?
The new branch opening in Plano, Texas reflects First Foundation's strategy to expand its presence in North Texas, catering to increased demand for banking services.
Who is managing the new Plano branch of First Foundation?
The Plano branch is managed by Vice President Tyler Younger, who brings 17 years of banking experience.
What are the services offered by First Foundation Inc.?
First Foundation Inc. offers personal and business banking, private wealth management, investment, trust, insurance, and philanthropy services.
Where is the new branch of First Foundation located?
The new First Foundation branch is located at 1601 Preston Road, Suite K, Plano, Texas, 75093.
How does First Foundation differentiate itself from competitors?
First Foundation combines a comprehensive platform of financial products with a high level of personalized service, differentiating it from larger institutions and community banks.
