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First Foundation Closes Acquisition of TGR Financial, First Florida Integrity Bank.

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MANews-(C)2009-2021

Texas, US-based financial services company First Foundation Inc. (NASDAQ: FFWM) has completed its acquisition of TGR Financial, Inc. and its bank subsidiary, First Florida Integrity Bank, the company said.

First Florida Integrity is a Florida state-chartered bank with seven branch offices located throughout Southwest Florida plus a corporate office in Naples.

As part of the transaction, First Foundation Inc. also announced that its board of directors appointed Gary L. Tice to serve as a director.

Tice had previously served as the chairman of the board of directors of TGR Financial, Inc. In addition, Garrett Richter will assume the newly created position of Market president, overseeing banking activities in...

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