California Bank Relocates Headquarters to North Texas; appoints a real estate manager

GTT or Gone to Texas was a familiar slogan in the 19e century and it seems to be happening again.

The last example is a bank.

First Foundation Inc., based in Irvine, Calif. (NASDAQ: FFWM), a financial services company with two wholly-owned subsidiaries, First Foundation Advisors and First Foundation Bank, on April 5 announced an expansion to Texas with the relocation of its chief executive. office in Dallas.

The company will occupy a space at the Crescent.

The move to Texas aligns with First Foundation’s strategic goals of expanding into major markets that present great opportunities for banking, trust and wealth management, and with expansion into its fourth state, First Foundation is replaced by the category of regional banks, according to a press release. form the bank.

“The Dallas-Fort Worth area reminds me today of what Southern California was like 30 years ago, where the First Foundation started, and for me personally, it’s nice to come back to Texas because my roots are are in the south, “said Scott F. Kavanaugh, CEO of First Foundation Inc.” Texas has such a supportive business environment that gives us confidence in our ability to serve the communities of Dallas with our high level of exceptional care at customers. It is also a natural expansion for our business and marks a milestone as we move into our fourth state and truly become a regional bank. We are excited to offer our services to more clients and to build meaningful relationships with those who seek financial advice from our team of dedicated professionals.

One of his first key appointments in the region is Gary Woods, Senior Executive Vice President, Director of Commercial Real Estate Production, who will be in charge of the Texas Commercial Real Estate Finance division, including permanent finance. income properties and bridging loans. He will help First Foundation build a loan production team in the Dallas-Fort Worth area, as well as the development of the credit administration team for the state. Woods has over 20 years of experience in the banking industry and most recently served as Senior Vice President of BankFinancial. Prior to managing debt placements for commercial property owners for BankFinancial, Woods held various executive roles for commercial real estate lending institutions, including roles of Relationship Manager at Greystone & Co, Executive Vice President at A10 Capital and Managing Director of GE Capital’s Commercial Real Estate Equity Investment Group.

In addition to its new main management offices at The Crescent, First Foundation Bank plans to expand the company’s presence with a loan production office and a full-service branch by the end of 2021, according to the press release. hurry. Those plans could include opening a branch de novo or increasing its presence through an acquisition, the bank said in the statement.

First Foundation has a history of successfully expanding its footprint. Since 2012, it has grown its presence throughout the state of California and has opened branches in Las Vegas, Nevada and Honolulu.

First Foundation will also add Dallas-Fort Worth to its nonprofit corporate giving initiative, Support our communities.

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