First Foundation (NASDAQ:FFWM) announced today that its shares of common
stock commenced trading on the NASDAQ Global Stock Market under the
trading symbol “FFWM” on Monday, November 3, 2014.
“We believe this will benefit our shareholders by increasing the
liquidity of their shares and is also a next step in our continued
growth,” Mr. Kavanaugh stated, “as it will provide additional
opportunities for us to use our stock to make acquisitions and to raise
additional capital as needed.”
The following firms have agreed to be market makers for First Foundation
common stock on NASDAQ: D.A. Davidson; Keefe, Bruyette & Woods, a Stifel
Company; Raymond James & Associates Inc.; Sandler O’Neill & Partners,
L.P.; and Sterne, Agee & Leach, Inc. Their contact information is
available on the investor relations section of our website at www.ff-inc.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About First Foundation
First Foundation, a financial institution founded in 1990, provides
integrated investment management, wealth planning, consulting, trust and
banking services. The company is headquartered in Irvine, with offices
in Irvine, Newport Beach, Pasadena, West Los Angeles, San Diego, Palm
Desert and the Imperial Valley in California, and Las Vegas, Nevada. For
more information, please visit our website at www.ff-inc.com.
Forward-Looking Statements
Statements in this news release regarding our expectations and beliefs
about our future financial performance and financial condition, as well
as trends in our business and markets are "forward-looking statements"
as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements often include words such as "believe,"
"expect," "anticipate," "intend," "plan," "estimate," "project," or
words of similar meaning, or future or conditional verbs such as "will,"
"would," "should," "could," or "may." The forward-looking statements in
this news release are based on current information and on assumptions
that we make about future events and circumstances that are subject to a
number of risks and uncertainties that are often difficult to predict
and beyond our control. As a result of those risks and uncertainties,
our actual financial results in the future could differ, possibly
materially, from those expressed in the forward-looking statements
contained in this news release and could cause us to make changes to our
future plans. Those risks and uncertainties include, but are not limited
to, the risk of incurring loan losses, which is an inherent risk of the
banking business; the risk that the economic recovery in the United
States will stall or will be adversely affected by domestic or
international economic conditions and the risk that the Federal Reserve
Board will continue to keep interest rates low, any of which could
adversely affect our interest income and interest rate margins and,
therefore, our future operating results; and the risk that the
performance of our investment management business or of the equity and
bond markets could lead clients to move their funds from or close their
investment accounts with us, which would reduce our assets under
management and adversely affect our operating results. Additional
information regarding these and other risks and uncertainties to which
our business and future financial performance are subject is contained
in Item 1A, entitled “Risk Factors” in our 2013 Annual Report on Form
10-K for the fiscal year ended December 31, 2013 that we filed with the
SEC on March 25, 2014, and readers of this news release are urged to
review that additional information contained in that Annual Report. Due
to these and other possible uncertainties and risks, readers are
cautioned not to place undue reliance on the forward-looking statements
contained in this news release, which speak only as of today's date, or
to make predictions based solely on historical financial performance. We
also disclaim any obligation to update forward-looking statements
contained in this news release or in the above-referenced 2013 Annual
Report, whether as a result of new information, future events or
otherwise, except as may be required by law or NASDAQ rules.
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