First Things First Foundation

First Foundation Highlights Board’s Response to Economic Environment in Letter to Stockholders

Retrieved on: 
Wednesday, May 31, 2023
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The Board currently includes diverse, talented, and independent individuals who bring complementary sets of skills, experiences, and expertise to oversee First Foundation.

Key Points: 
  • The Board currently includes diverse, talented, and independent individuals who bring complementary sets of skills, experiences, and expertise to oversee First Foundation.
  • This was to maintain the strength and stability that has allowed First Foundation to successfully navigate shifting economic environments and cyclicality since our founding in 1990.
  • These actions provide greater confidence to our clients and represent critical steps that should help us continue to weather the current banking environment.
  • The First Foundation Board, on the other hand, has demonstrated a compelling ability to attract highly qualified, diverse independent directors.

First Foundation Files Definitive Proxy Statement and Issues Letter to Stockholders

Retrieved on: 
Monday, May 15, 2023
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View the full release here: https://www.businesswire.com/news/home/20230515005773/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230515005773/en/
    In conjunction with the definitive proxy filing, First Foundation is mailing the following letter from the First Foundation Board of Directors to First Foundation’s Stockholders.
  • Thank you for your investment in First Foundation Inc. (“First Foundation,” “we,” “our,” or “us”).
  • First Foundation has made significant efforts to engage directly with Mr. Cooper to understand his ideas to enhance long-term value for all stockholders.
  • Ms. Ball’s partner withdrew herself from consideration after First Foundation, in a letter to Mr. Cooper, raised its concerns regarding his purported nominees’ independence.

First Foundation Inc. Reports First Quarter 2023 Financial Results

Retrieved on: 
Thursday, April 27, 2023
Personal Finance, Finance, Consulting, Banking, Professional Services, Internet, First Things First Foundation, The Ted Noffs Foundation Inc, PT

First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended March 31, 2023.

Key Points: 
  • First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), today reported its financial results for the quarter ended March 31, 2023.
  • ET, President and Chief Executive Officer, Scott F. Kavanaugh, and Chief Operating Officer, Chris Naghibi, of First Foundation will host a discussion of the Company’s financial results and performance and provide an update on recent activities.
  • The call will be broadcast live over the Internet and can be accessed using the link below:
    First Foundation Q1 Earnings Webcast .
  • The call can also be accessed by dialing in using the following toll-free number, 800-274-8461 and conference ID, FFWMQ123.

First Foundation Inc. Appoints Gabriel Vazquez to Board of Directors

Retrieved on: 
Wednesday, April 26, 2023
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First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that Gabriel (“Gabe”) Vazquez has been appointed an independent director to the Company’s Board of Directors (“Board”).

Key Points: 
  • First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that Gabriel (“Gabe”) Vazquez has been appointed an independent director to the Company’s Board of Directors (“Board”).
  • Mr. Vazquez was concurrently appointed to the Board of Directors of First Foundation Bank.
  • View the full release here: https://www.businesswire.com/news/home/20230426005393/en/
    Gabe Vazquez was named to the Board of Directors for First Foundation.
  • Mr. Vazquez also serves on the non-profit board of the Jesuit College Preparatory School of Dallas Foundation Inc. as a trustee and as a member of the Development Committee, and he is president of the Alumni Board.

First Foundation Inc. Announces First Quarter 2023 Earnings Conference Call Details

Retrieved on: 
Thursday, April 6, 2023
Banking, Professional Services, Finance, First, Internet, Business Wire, First Things First Foundation, The Ted Noffs Foundation Inc, Internet service provider

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 that it will release its first quarter 2023 earnings results before the market opens on Thursday, April 27.

Key Points: 
  • 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 that it will release its first quarter 2023 earnings results before the market opens on Thursday, April 27.
  • First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation’s investor relations site.
  • Participant Toll Free Dial-In Number: 800-274-8461
    It is recommended that participants dial into the conference call approximately ten minutes prior to the call.
  • For those who are unable to participate during the live call, an archive of the call will be available for replay at http://investor.ff-inc.com/events-calendar .

First Foundation Provides Update on Financial Strength

Retrieved on: 
Tuesday, March 21, 2023
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First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank today issued the following updated financial information to reiterate its strong financial position as a regional bank.

Key Points: 
  • First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank today issued the following updated financial information to reiterate its strong financial position as a regional bank.
  • First Foundation continues to have a resilient core business, with consolidated total assets valued at more than $13.9 billion as of 3/17/23.
  • First Foundation Bank remains in a strong liquidity position with available cash and cash equivalents held on balance sheet of approximately $1.3 billion as of 3/17/23.
  • “First Foundation remains in a strong financial position,” said Scott F. Kavanaugh, President and CEO.

First Foundation Bank Reaffirms the Strength of Its Financial Position in Wake of Industry Developments

Retrieved on: 
Sunday, March 12, 2023
Banking, Asset Management, Professional Services, Finance, Silvergate Bank, Silicon, Federal Reserve, Federal Home Loan Banks, The Ted Noffs Foundation Inc, First Things First Foundation, NPAS, Silicon Valley Bank, Risk management, Financial services, Bank, Security (finance), Airline

First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank today issued the following updated financial information to reiterate its strong financial position as a regional bank.

Key Points: 
  • First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank today issued the following updated financial information to reiterate its strong financial position as a regional bank.
  • First Foundation has a resilient core business, with First Foundation Bank managing assets valued at more than $13.2 billion.
  • First Foundation Bank has a strong liquidity position with the following balances:
    Cash and cash equivalents held on balance sheet of approximately $972 million as of 3/10/23.
  • Furthermore, First Foundation Bank has no direct exposure to Silicon Valley Bank or Silvergate Bank.

First Foundation Inc. Comments on Actions by Driver Management

Retrieved on: 
Thursday, February 2, 2023
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Members of management have responded to and attempted to meet with Driver to better understand its perspectives and to avoid a costly and distracting public campaign.

Key Points: 
  • Members of management have responded to and attempted to meet with Driver to better understand its perspectives and to avoid a costly and distracting public campaign.
  • During our first and only meeting, which Driver ended after less than a minute, Driver did not share any of its perspectives about the Company.
  • While it is unfortunate that Driver continues to act in a manner that we believe is harmful to the best interests of First Foundation and its stockholders, the Board and management team remain focused on delivering value for stockholders.
  • First Foundation will present the Board’s recommendation with respect to the election of directors in the Company’s proxy statement, which will be filed with the Securities and Exchange Commission.

First Foundation Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, January 26, 2023
Banking, Professional Services, Finance, The Ted Noffs Foundation Inc, PT, Internet, First Things First Foundation

First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the fourth quarter and year end December 31, 2022.

Key Points: 
  • First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB”), reported today its financial results for the fourth quarter and year end December 31, 2022.
  • ET, the President and Chief Executive Officer, Scott F. Kavanaugh, and Chief Operating Officer, Chris Naghibi, of First Foundation will host a discussion of the Company’s financial results and performance and provide an update on recent activities.
  • The call will be broadcast live over the Internet and can be accessed using the link below:
    First Foundation Q4 Earnings Webcast .
  • The call can also be accessed by dialing in using the following toll-free number, 800-267-6316 and conference ID, FFWMQ422.

First Foundation Inc. Announces Fourth Quarter and Full-Year Conference Call Details

Retrieved on: 
Wednesday, January 4, 2023
Consulting, Banking, Professional Services, Finance, First Things First Foundation, The Ted Noffs Foundation Inc, Internet, Webcast, Business Wire, First, Internet service provider

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 that it will release its fourth quarter and full-year 2022 earnings results before the market opens on Thursday, January 26.

Key Points: 
  • 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 that it will release its fourth quarter and full-year 2022 earnings results before the market opens on Thursday, January 26.
  • First Foundation will announce the release via Business Wire, and the earnings report and slide presentation will be posted directly to First Foundation’s investor relations site.
  • Participant Toll Free Dial-In Number: 800-267-6316
    It is recommended that participants dial into the conference call approximately ten minutes prior to the call.
  • For those who are unable to participate during the live call, an archive of the call will be available for replay at http://investor.ff-inc.com/events-calendar .