Irvine-based financial services company First Foundation Inc. filed for an initial public offering of its common stock.
The company operates through various units, including banking and trust services, investment management, wealth planning and consulting. Its First Foundation Bank had $1 billion in assets as of the end of last year. It had about $903 million in loans and $810 million in deposits.
First Foundation, founded in 1990 and headed by Chief Executive Scott Kavanaugh, applied to list its common stock on the Nasdaq Global Select Market exchange under the ticker FFWM.
It said the number of shares to be offered and the price range had not been determined.
―Jane Yu
