First Foundation (FFWM) announced the appointment of Thomas Shafer as its CEO. Shafer’s appointment follows the retirement of Scott Kavanaugh, who has served the company as CEO since 2009 and as a member of the Board of Directors since 2007. Shafer will also serve as First Foundation Bank’s CEO and has joined the Boards of Directors of First Foundation and First Foundation Bank. Shafer previously served as Co-President of Commercial Banking and Senior Executive Vice President of Huntington Bancshares following its merger with TCF Financial in June 2021, until his retirement in December 2022.
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