First Florida Integrity Bank announced it will be merging into First Foundation Bank pending regulatory and shareholder approval. The merger is targeted for the fourth quarter of 2021. First Foundation Bank is headquartered in Dallas, Texas with operations in California, Nevada, and Hawaii.
According to a recently released merger letter, “The new organization will join two extraordinary banks with complementary strengths and cultures that are built upon strong relationships and a passion for providing superior service to customers, as well as meeting our community commitment. First Foundation’s expanded resources will allow us to offer a broader set of products and services, including an extensive wealth management solution for our customers through local teams.”
Gary Tice, current Chairman of First Florida Integrity, will be joining the Board of Directors of both First Foundation, Inc., and First Foundation Bank as an independent director. Garrett Richter, current President and CEO of First Florida Integrity is joining First Foundation as market president for Florida.
All branches of First Florida Integrity Bank will remain open, and customers can expect to see the same, familiar people before and after the planned merger, along with serving “the same cookies you love.”
Accounts at First Florida Integrity Bank will remain unchanged while waiting for the shareholder and regulatory approvals. Watch for more information to come. The transition is expected to occur gradually. Call 239-348-8000 or 877-763-0244 with any questions or concerns.
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