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First Foundation in Irvine, Calif., has launched a division to offer property and casualty insurance brokerage services.
May 18 -
First Foundation Bank in Irvine, Calif., has agreed to buy Pacific Rim Bank in Honolulu.
November 26 -
Umpqua Holdings (UMPQ) in Portland, Ore., has agreed to buy Sterling Financial (STSA) in Spokane, Wash.
September 12
First Foundation Bank in Irvine, Calif., has hired an Umpqua Holdings executive to run a new unit catering to commercial customers.
Anita Young will be the $1.4 billion-asset First Foundation's director of specialty deposits and also hold the title of senior vice president.
She oversaw specialty deposits at Umpqua in Portland, Ore., for more than a year. Sterling Savings Bank,
Young's unit at First Foundation will provide business clients with cash-related services such as cash-flow management and transactional risk management. It will target niche players such as public works and construction contractors, commercial property management, title and escrow companies, and homeowners associations.
First Foundation's primary businesses are investment management, wealth planning, consulting, insurance, trust and banking services for high-net-worth individuals and businesses.