First Foundation announces it will price initial public sale of stock

Sandler O'Neill and Keefe, Bruyette & Woods will be joint bookrunners

By Devika Patel

Knoxville, Tenn., April 21 - First Foundation Inc. plans to conduct an initial public offering of its common stock, according to a Form S-1 filed Monday with the Securities and Exchange Commission.

The deal will have a 30-day greenshoe.

Sandler O'Neill + Partners, LP and Keefe, Bruyette & Woods Inc. are the joint bookrunning managers. Sterne Agee & Leach Inc. is the co-manager.

Proceeds will be used to repay a $21.9 million term loan, for growth, for possible acquisitions and for other general corporate purposes.

The financial services company is based in Irvine, Calif. The company intends to list its common stock on the Nasdaq under the symbol "FFWM."

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