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The latest update is out from First Foundation ( (FFWM) ).
Ulrich E. Keller, Jr. stepped down as Executive Chairman of First Foundation Advisors but remains a Senior Managing Director. First Foundation Inc. stockholders approved doubling the number of authorized shares at a Special Meeting, impacting dividends and liquidation preferences for certain preferred stock classes. Series B Preferred Stock automatically converted to common stock, and a press release announced reclassification of $1.9 billion in multifamily loans to strengthen the balance sheet and enhance future profitability.
See more data about FFWM stock on TipRanks’ Stock Analysis page.
