Welcome to our dedicated page for First Foundation news (Ticker: FFWM), a resource for investors and traders seeking the latest updates and insights on First Foundation stock.
First Foundation Inc. (symbol: FFWM) is a comprehensive financial institution that has been serving clients since 1990. Headquartered in Orange County, California, the company extends its services across California, Nevada, and Hawaii. First Foundation offers an array of integrated financial solutions, including investment management, wealth planning, consulting, trust services, banking, and insurance services.
The company is dedicated to enhancing the wealth and well-being of its clients by providing a single source for all financial needs. This client-centric approach is underpinned by their core values:
- Listen: Understanding client needs through active listening.
- Respect: Treating clients with understanding and compassion.
- Collaborate: Working together with clients to achieve their financial goals.
- Innovate: Supporting new ideas to serve clients better.
- Serve: Being timely and proactive in client response.
First Foundation specializes in catering to high-net-worth individuals, retirement plans, charitable institutions, and private foundations. Their services are divided into two main segments: Banking and Wealth Management. They also offer loans to individuals and entities involved in multifamily residential and commercial real estate, as well as business banking solutions for small to moderate-sized businesses and professional firms.
In recent achievements, First Foundation has continued to expand its reach and enhance its service offerings through strategic partnerships and innovative financial products. The firm remains committed to its mission of providing integrated financial services to meet the diverse needs of its clients.
For the latest updates and financial news, investors and clients can check the most recent developments directly on their news section.
First Foundation Bank, (NASDAQ: FFWM), has partnered with 360factors, Inc. to implement the Predict360 risk and compliance intelligence platform. This $7.1 billion bank aims to enhance its compliance management, regulatory change management, and monitoring programs. Chief Risk Officer Hugo Nuno expressed the need for a modern solution to proactively manage regulatory changes efficiently. CEO Carl L. McCauley highlighted the cloud-native, A.I.-driven technology of Predict360 as a significant advantage over legacy systems.
First Foundation Inc. (NASDAQ: FFWM) expands its Commercial Banking team in Los Angeles by appointing Matthew Ashworth as SVP, Director of Commercial Banking, Leeza Jinian as SVP, Commercial Banking Manager, and Yenee Mesfin as SVP, Commercial Banker. Michael Berry has been promoted to lead Corporate Banking and Commercial Banking Teams. These appointments aim to enhance client service and growth in LA's commercial banking sector. Each new team member brings over a decade of experience in commercial banking, reinforcing First Foundation's presence in this key market.
First Foundation Inc. (NASDAQ: FFWM) announced its financial results for Q2 2021, highlighting its consolidated earnings and operational updates. The company provides a range of financial services, including personal and business banking, as well as wealth management. A detailed earnings report and investor presentation are available online. CEO Scott F. Kavanaugh and CFO Kevin Thompson will discuss the results in a live webcast scheduled for today at 8 a.m. PT. First Foundation operates in California, Texas, Nevada, and Hawaii, focusing on personalized financial services.
First Foundation Inc. (NASDAQ: FFWM) has expanded its presence in Los Angeles by opening a new branch in Sherman Oaks. CEO Scott F. Kavanaugh emphasized the company's commitment to California, alongside expanding into Dallas and merging with TGR Financial in Naples, Florida. The Sherman Oaks branch will be managed by Gary Ketenchian, a seasoned banker with over 30 years of experience. Located at 15490 Ventura Boulevard, the branch aims to enhance community banking services and strengthen client relationships in the vibrant Sherman Oaks area.
First Foundation (NASDAQ: FFWM) will release its second quarter 2021 earnings results on July 27, prior to market opening. A conference call, hosted by CEO Scott F. Kavanaugh and CFO Kevin Thompson, is scheduled for 11:00 AM ET on the same day. The earnings release and accompanying slide presentation will be available on First Foundation's investor relations website. Participants can access the call via web or telephone, and a replay will be provided for those unable to attend.
First Foundation Inc. (NASDAQ: FFWM) has appointed Kelly Rentzel as Executive Vice President, General Counsel, to support its growth strategy. With over 15 years of legal experience, including nearly a decade in banking law, Rentzel brings significant expertise from her previous role at Texas Capital Bank. Reporting directly to CEO Scott F. Kavanaugh, she will contribute to expansion efforts from the company's new office in Dallas, Texas. Her background in building legal teams and her accolades from Southern Methodist University and the Dallas Bar Association highlight her capability to enhance First Foundation's legal framework.
First Foundation Inc. (NASDAQ: FFWM) announced a merger with TGR Financial, Inc. (OTCQX: TGRF) in an all-stock transaction valued at approximately $295 million, equating to $15.23 per share for TGR Financial. The merger will enhance First Foundation's assets to about $9.4 billion. Following the deal, TGR Financial shareholders will own around 20.2% of First Foundation. The merger aims to expand First Foundation's market presence and enhance services. The transaction is expected to close in the second half of 2021, pending approvals.
First Foundation Inc. (NASDAQ: FFWM) has appointed Aric Graham as its new Senior Vice President and Corporate Banking Director. Graham, who has over 15 years of banking experience, is tasked with developing the bank’s Corporate Banking platform and enhancing client service. This appointment aligns with First Foundation's strategy to pivot towards a more commercial-focused banking model, showcasing its growth in personal and business banking services across various regions, including Las Vegas.
First Foundation Inc. (NASDAQ: FFWM) reported its financial results for Q1 2021, emphasizing its comprehensive financial services through First Foundation Advisors and First Foundation Bank. The company invites stakeholders to attend a live discussion at 8 a.m. PT to review performance and updates. Earnings details, including revenue and EPS, can be accessed via their investor relations website. The firm continues to differentiate itself with a wide range of personalized services, targeting growth-minded clients across multiple states, including California, Texas, Nevada, and Hawaii.
First Foundation Inc. (NASDAQ: FFWM) has announced a strategic investment in NYDIG, a leading Bitcoin technology provider. This partnership aims to enhance First Foundation's offerings by integrating Bitcoin-related financial products and services into its traditional banking framework. CEO Scott F. Kavanaugh expressed confidence in the importance of digital assets for future financial services. The collaboration marks a significant move as First Foundation seeks to become one of the first Bitcoin-friendly regional banks, allowing clients to access and manage digital assets seamlessly through their existing banking accounts.
FAQ
What is the current stock price of First Foundation (FFWM)?
What is the market cap of First Foundation (FFWM)?
What services does First Foundation Inc. provide?
Where is First Foundation Inc. headquartered?
When was First Foundation Inc. established?
Which segments does First Foundation Inc. focus on?
Who are the primary clients of First Foundation Inc.?
What types of loans does First Foundation Inc. offer?
Does First Foundation Inc. provide business banking solutions?
In which states does First Foundation Inc. operate?
What are the core values of First Foundation Inc.?
How can I stay updated with the latest news about First Foundation Inc.?
