First Foundation, which owns First Foundation Advisors and First Foundation Bank, said its move to Dallas in 2021 has helped its loan originations expand...
from California to Dallas last year reported strong financial results as the commercial side of the business sees no slowdown from inflation.
“$1.1 billion was the previous high for any one quarter,” said First Foundation CEO Scott Kavanaugh. “For a bank with a little over $10 billion [in assets], that’s a pretty amazing feat.” Moving First Foundation’s corporate headquarters from California to Texas has already paid off, Kavanaugh said. In May, First Foundation opened a new branch in Plano on Preston Road that is already exceeding expectations, Kavanaugh said. Besides the new branch and its executive office in Dallas, it has a loan production office in Irving.
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