First Foundation Stock Price, News & Analysis

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.

First Foundation Inc. (NASDAQ: FFWM) has promoted Michael Berry to Senior Vice President and Director of Commercial Banking at First Foundation Bank. Berry, who joined the bank in 2015, has significant experience in commercial banking and will oversee multiple banking teams, including Corporate Banking and Small Business.

CEO Scott F. Kavanaugh emphasized Berry's value and leadership as the company expands its commercial banking services, particularly following its recent entry into Dallas, Texas. The promotion aligns with First Foundation's strategic growth plans.