FIRST FOUNDATION INC. (NASDAQ:FFWM) Files An 8-K Other Events
Item 8.01
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Other Events |
On December 9, 2016, First Foundation Bank, the wholly-owned
subsidiary of First Foundation Inc. (the Company), completed its
previously announced acquisition of two branches located in
Laguna Hills and Seal Beach, California, from Pacific Western
Bank (the Transaction).As a result of the Transaction, First
Foundation Bank acquired approximately $180 million of
deposits.No loans were included in the Transaction.
The Company issued a press release on December 12, 2016,
announcing the completion of the Transaction.A copy of the press
release is filed as Exhibit 99.1 and is incorporated herein by
reference.
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Item 9.01 |
Financial Statements and Exhibits |
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Exhibit No. |
Description |
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99.1 |
Press Release dated December 12, 2016. |
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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. FIRST FOUNDATION INC. (NASDAQ:FFWM) Recent Trading Information
FIRST FOUNDATION INC. (NASDAQ:FFWM) closed its last trading session down -0.05 at 29.25 with 53,434 shares trading hands.
