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On April 6, 2018, First Foundation Inc. (the “Company”) entered into the Second Amendment to Loan Agreement (the “Second Amendment”), which amends the Loan Agreement, dated as of February 8, 2017, which was subsequently amended by the First Amendment to Loan Agreement, dated as of May 18, 2017, (collectively the “Loan Agreement”) with NexBank SSB, a Texas savings bank (the “Lender”), to increase the maximum amount available under the borrowing arrangement by $25,000,000, after which the maximum principal available under the borrowing arrangement is $75,000,000. Except as modified and amended by the Second Amendment, all of the terms and provisions of the Loan Agreement remain in full force and effect.

A copy of the Second Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to Exhibit 10.1. A copy of the press release issued by the Company related to the Second Amendment is attached hereto as Exhibit 99.1 and incorporated herein by reference. A copy of the Loan Agreement, along with the Pledge and Security Agreement entered into in connection with the Loan Agreement, are attached as Exhibits 10.1 and 10.2 to our Current Report on Form 8-K filed with the SEC on February 9, 2017. A copy of the First Amendment to the Loan Agreement is attached as Exhibit 10.1 to our Current Report on Form 8-K filed with the SEC on May 22, 2017.

The information set forth in Item 1.01 of this report is incorporated herein by reference.

First Foundation Inc. Exhibit
EX-10.1 2 ffwm-ex101_7.htm EX-10.1 SECOND AMENDMENT TO LOAN AGREEMENT 180409 ffwm-ex101_7.htm Exhibit 10.1   SECOND AMENDMENT TO LOAN AGREEMENT   THIS SECOND AMENDMENT TO LOAN AGREEMENT (this “Amendment”) is entered into as of April 6,…
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About FIRST FOUNDATION INC. (NASDAQ:FFWM)

First Foundation Inc. is a financial services holding company. The Company provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company’s segments include Banking; Investment Management, Wealth Planning and Consulting (Wealth Management), and Other. The Banking segment includes the operations of FFB and FFIS, and Wealth Management segment includes the operations of FFA. Its integrated platform provides investment management, wealth planning, consulting, trust, banking products and services, life insurance services and property and casualty insurance services to meet the financial needs of its clients.