First Foundation Inc. (NASDAQ: FFWM), a financial services company that
provides investment management, wealth planning, consulting, trust and
banking services primarily to high-net-worth individuals and businesses,
today announced that David S. DePillo has been appointed President of
First Foundation Bank, a wholly owned subsidiary of the company.
Mr. DePillo has more than 25 years of banking and investment management
experience. He was most recently at Umpqua Bank, where he served as
Executive Vice President. Prior to Sterling’s acquisition of Umpqua, Mr.
DePillo served in several management roles with Sterling, including Vice
Chairman, Chief Credit Officer, and Chief Lending Officer.
Scott F. Kavanaugh, CEO of First Foundation, stated, “We are pleased to
announce David DePillo as President of First Foundation Bank. David’s
leadership will be instrumental in serving our existing clients as well
as driving our next phase of growth. We expect David’s appointment to
have a positive impact on the entire organization.”
Having been actively involved in management roles at leading banks on
the West Coast, Mr. DePillo is highly regarded in the industry. His
experience includes building banking solutions with first-class client
service as well as leading some of the most successful private banking
teams in the industry; and in each of his leadership roles, he has
created significant value for stakeholders involved. Mr. DePillo
frequently speaks at industry conferences and is an active leader in the
community. He is also regularly cited in the media on topics such as
lending opportunities, credit factors, and trends in banking.
“I am thrilled to join the team at First Foundation. I had the privilege
of working alongside Scott in the past and I am extremely impressed with
what he and his team have created at First Foundation. They have become
one of the prominent platforms for serving high net worth and business
clients by offering a comprehensive banking, trust, wealth management,
and insurance solution. I believe First Foundation has the business
model that delivers tremendous value, both to clients and the industry,
and I am grateful to have the opportunity to contribute to its growth.”
Previously, Mr. DePillo served as President and Vice Chairman of the
Board of Fremont General Corporation (FGC), a financial services holding
company, as well as Fremont Investment & Loan, its wholly owned bank
subsidiary.
Mr. DePillo also served as the Vice Chairman, President and Chief
Operating Officer of Commercial Capital Bancorp Inc. (CCBI) and CCBI’s
subsidiary companies. Additionally, he was First Vice President and
Director of Multifamily Banking for Home Savings of America, and the
President and Chief Operating Officer of its real estate development
subsidiaries and for its thrift holding company, H.F. Ahmanson & Co. Mr.
DePillo holds a Bachelor’s degree in Accounting from California State
University Northridge.
Mr. Kavanaugh concluded, “With over $1.45 billion of total assets and
approximately 20 experienced bankers across seven regional offices in
Southern California and Las Vegas, First Foundation Bank is committed to
delivering excellent service through our integrated platform by our high
caliber team of professionals. The arrival of David shows our commitment
to hiring influential executives who can lead and help drive growth. I
believe his presence will be felt immediately by our existing clients,
by our valued partners, and in the communities we serve.”
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
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.
Copyright Business Wire 2015