California’s First Foundation Inc. establishes new Texas HQ at Uptown Dallas’ The Crescent
California’s First Foundation Inc. establishes new Texas HQ at Uptown Dallas’ The Crescent
The company’s chief executive said the D-FW area reminds him of Southern California 30 years ago, where the company got its start.
Completed in 1986, the Crescent, office and retail development in Uptown Dallas recently sold for one of the highest prices ever in North Texas.(Juan Figueroa)
California financial services holding company First Foundation Inc. is the latest California firm to move its headquarters to Texas, announcing Monday that it will establish its executive offices in Uptown Dallas’ The Crescent.
The leadership at Boston Private Financial Holdings wanted to establish a wealth management partnership with SVB Financial Group but ended up striking a deal to sell the company to SVB instead.
Lower taxes, more M&A: Behind a California bank s move to Texas americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
California bank First Foundation to move holding company HQ to Dallas Dom DiFurio, The Dallas Morning News
California-based First Foundation, Inc. will move its holding company to Dallas in the first half of 2021, according to company executives.
The company announced its intention to expand into Texas on a call with investors Tuesday citing “strong opportunities” for growth in Texas for the company’s banking and wealth management business.
“The Dallas Metroplex is one of the largest markets for multifamily lending and the diversity of businesses there makes it a strong fit for us,” CEO Scott Kavanaugh told investors, adding that the company’s board recently approved the move.
Greetings and welcome to First Foundation s Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
Speaking today will be Scott Kavanaugh, First Foundation s Chief Executive Officer; Kevin Thompson, Chief Financial Officer; and David DePillo, President.
Before I hand the call over to Scott, please note that management will make certain predictive statements during today s call that reflect their current views and expectations about the Company s performance and financial results. These forward-looking statements are made subject to the Safe Harbor statement included in today s earnings release. In addition, some of the discussion may include non-GAAP financial measures. For a more complete discussion of the risks and uncertainties that could cause actual results to differ materially from any forward-looking statements and reconciliations of non-GAAP financial measures, see the Company s filings with the Securities and Exchange Commission.