First Foundation INC 8-K filings

First Foundation Inc. has completed its merger with FirstSun Capital Bancorp, with FirstSun surviving and First Foundation's stock delisting from the NYSE.

First Foundation Inc. announced employment agreement updates for its President/Chief Risk Officer and CFO, alongside confirming regulatory approval and an anticipated April 1, 2026 closing date for its merger with FirstSun Capital Bancorp.

First Foundation Inc. and FirstSun Capital Bancorp have received all necessary bank regulatory approvals, including from the Federal Reserve, for their proposed merger, expected to close on April 1, 2026.

First Foundation Inc. stockholders overwhelmingly approved the merger with FirstSun Capital Bancorp and related proposals at a special meeting.

First Foundation Inc. and FirstSun Capital Bancorp announced regulatory approval from the Office of the Comptroller of the Currency for the merger of their bank subsidiaries, moving closer to their full merger.

First Foundation Inc. and FirstSun Capital Bancorp have amended their merger agreement, modifying the conversion rights for FirstSun's non-voting common stock.

First Foundation Inc. reported an $8.0 million net loss for the fourth quarter of 2025, or $0.10 per share, primarily due to hedging and merger-related expenses as it prepares for its merger with FirstSun Capital Bancorp.

First Foundation Inc. and FirstSun Capital Bancorp announce a definitive merger agreement, with First Foundation merging into FirstSun and its bank subsidiary merging into Sunflower Bank.

First Foundation Inc. reported a significant net loss of $146.3 million for Q3 2025, driven by credit loss provisions and a deferred tax asset valuation allowance, while also announcing a merger with FirstSun Capital Bancorp.

FirstSun Capital Bancorp and First Foundation Inc. announced an all-stock merger, creating a premier $17 billion bank with a strong presence in growth markets, expected to close in Q2 2026.

First Foundation Bank appoints Parham Medhat as Executive Vice President, Chief Operations Officer, and details employment agreements for Medhat and Chief Banking Officer Stuart Bernstein.

First Foundation Bank names Stuart Bernstein as its new Chief Banking Officer, bringing over 25 years of leadership experience.

First Foundation Inc. announced significant progress in its strategic transformation during Q2 2025, achieving adjusted profitability and strengthening its balance sheet despite one-time charges from loan sales.

First Foundation Inc. reported a net loss of $7.7 million for the second quarter of 2025, driven by strategic sales of commercial real estate loans aimed at reducing high-cost deposits and CRE concentration.

First Foundation Inc. announced the resignation of its Chief Banking Officer and Chief Risk Officer, Hugo Nuno, and the appointment of President Simone Lagomarsino to the additional role of Chief Risk Officer.

Christopher Naghibi, Executive Vice President and Chief Operating Officer of First Foundation Bank, has informed First Foundation Inc. of his resignation, effective July 8, 2025.

First Foundation Inc. announced that its stockholders approved an amended and restated equity incentive plan, increasing the shares available for awards to 4 million, alongside the election of ten directors and the ratification of executive compensation at its 2025 Annual Meeting.

First Foundation Inc. announces a return to profitability in the first quarter of 2025, driven by higher net interest margin and normalizing credit costs.

First Foundation Inc. announced a return to profitability in Q1 2025 with net income of $6.9 million, driven by NIM expansion and reduced delinquent loans.

First Foundation Inc. formalizes employment agreements with CEO Thomas C. Shafer and President Simone Lagomarsino, outlining compensation, benefits, and terms of employment.

First Foundation Inc. reported a net loss for the fourth quarter of 2024, despite selling a significant portion of its multifamily loan portfolio and seeing improvements in capital ratios.

First Foundation Inc.'s investor presentation details a strategic plan focused on reducing multifamily loan concentration, strengthening capital, and improving profitability, alongside a review of their Q4 2024 financial results.

First Foundation Inc. has announced the retirement of CEO Scott F. Kavanaugh and the appointment of Thomas C. Shafer as his successor, effective immediately.

First Foundation Inc. has appointed C. Allen Parker, a seasoned executive with extensive experience in corporate governance and financial institutions, to its Board of Directors, effective immediately.

First Foundation Inc. reported a net loss of $82.2 million for the third quarter of 2024, primarily due to a $117.5 million adjustment from reclassifying a portion of its multifamily loan portfolio, but adjusted net income was $2.7 million.

First Foundation Inc. has released an investor presentation detailing a five-point strategic plan focused on reducing multifamily loan concentration, strengthening capital, and improving earnings.

First Foundation Inc. has established a retention bonus plan offering key employees, including named executive officers, a one-time cash bonus of up to 50% of their base salary to incentivize continued employment.

First Foundation Inc. announces an increase in authorized common stock, reclassification of $1.9 billion in multifamily loans to held for sale, and the conversion of Series B preferred stock to common stock.

First Foundation Inc. announced the appointment of Simone Lagomarsino as President, along with the resignation of several directors and the appointment of new board members, effective September 3, 2024.

First Foundation Inc. announced a net income of $3.1 million for the second quarter of 2024, a significant improvement compared to the previous quarter and the same period last year.