Nine years after the start of a quantitative easing program that left the Federal Reserve with a record $4.5 trillion balance sheet, market watchers are now speculating how the Fed's plans to start selling those bonds will hit the financial markets.
Irvine-based First Foundation Inc. said it purchased Community 1st Bancorp for $50.4 million in stock to increase its presence in the Sacramento region.
Community 1st Bancorp is the parent company of Community 1st Bank, which has $373 million in total assets and offices in Auburn, Sacramento and Roseville. The transaction is expected to close in the fourth quarter... Read More
Deposits are becoming a more important aspect of bank M&A.
Funding costs were largely overlooked for years while the Federal Reserve kept interest rates artificially low and banks drowned in deposits. Many institutions remain flush with liquidity as consumers and businesses are reluctant to make big withdrawals... Read More
IRVINE, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today they have hired Larry Scarpone as Vice President, Credit Manager of the bank’s Equipment Finance department.
According to the most recent report by the American Automobile Association, over 40 million Americans will travel this Fourth of July; and according to an informal office poll conducted here at First Foundation, close to 80% of you will take a trip at some point this summer. And that’s great – summer is a wonderful time to spend time with family and friends while recharging your batteries at the beach, the lake, the European village... Except there is one thing that now needs to be a part of everyone’s itinerary: cyber security safety. And it needs to begin before you zip up your suitcase.
IRVINE, Calif. & AUBURN, Calif.--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, and Community 1st Bancorp (OTCBB: CFBN) today announced the signing of a definitive merger agreement under which First Foundation will acquire Community 1st Bancorp.
The Dilemma of the Family Business – To Sell or Not to Sell
As family business owners near retirement age, they face many difficult decisions: Will they be able to support their retirement needs? Should they pass down the business to the next generation or sell to a third-party? Are they going to be able to truly let go of the business?