155 0 Kommentare First Foundation Inc. Expands into Texas with Relocation of Principal Executive Office - Seite 2

First Foundation Bank expects to continue its real estate lending program success in the Dallas-Fort Worth area, one of the largest markets for multifamily lending in the country. The diversity of businesses in the area and the expanding business community along with the large supply of apartments make it a strong fit for First Foundation’s offering. The demographics also present a compelling opportunity to add trust powers in the state, which aligns with the company’s current offerings and experience with its trust and wealth management teams. The bank has also already experienced success in Texas, the Dallas-Fort Worth area included, with its online savings account offering, which attracted new clients to the bank from throughout the state.

In addition to its new principal executive offices at The Crescent, First Foundation Bank has plans to expand the company’s presence with a lending production office and a full-service branch by the end of 2021. These plans could include opening a de novo branch or growing its branch presence via an acquisition. By moving the principal executive office to Dallas, Texas, the company will also be more centrally located in the U.S. to better serve current markets as well as position it for potential future expansions into other states.

First Foundation has a history of successfully expanding its footprint. Since 2012, it has grown its presence throughout the state of California, as well as opening branch offices in Las Vegas, Nevada, and Honolulu, Hawaii.

First Foundation will also add Dallas-Fort Worth to its corporate nonprofit giving initiative, Supporting Our Communities. Since its founding, First Foundation has sought to build strong ties with local nonprofits, and now it will be able to partner with local Dallas-area nonprofits to expand its support of charitable causes in the region, including affordable housing, emerging entrepreneurs, financial literacy, and underserved youth.

About First Foundation

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. First Foundation is comprised of an extraordinary team of financial professionals united around a single cause: to enable growth-minded individuals and businesses to boldly live the life they imagined and preserve the legacy they’ve worked so hard to build. 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 services and the products along with personalized service differentiates First Foundation from many of its competitors and has contributed to the growth of its client base and business. Services are offered through bank and/or wealth management branch offices in California, Texas, Nevada, and Hawaii.