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First Foundation Inc. Announces Pricing of $150 Million Subordinated Debt Offering

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 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.

Piper Sandler & Co. is acting as lead bookrunning manager and D.A. Davidson & Co. and Stephens Inc. are acting as co-managers.

The offering will be made only by means of a prospectus supplement and accompanying base prospectus. First Foundation has filed a registration statement on Form S-3 (File No. 333-239396) and a preliminary prospectus supplement to the prospectus contained in the registration statement with the U.S. Securities and Exchange Commission (“SEC”) for the Notes to which this communication relates. Prospective investors should read the applicable prospectus supplement and base prospectus in the registration statement and other documents First Foundation has filed or will file with the SEC for more complete information about First Foundation and the relevant offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at http://www.sec.gov. Electronic copies of each preliminary prospectus supplement, when available, and the accompanying base prospectus may be obtained by contacting Piper Sandler & Co. by telephone at (866) 805-4128 or by email at FSG-DCM@psc.com.

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First Foundation Inc. Announces Pricing of $150 Million Subordinated Debt Offering 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 that it has priced an underwritten public offering …

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