First Foundation Inc

NASDAQ:FFWM   3:59:50 PM EDT
23.27
+0.41 (+1.79%)
Mergers / Acquisitions, Equity Financing / Related

First Foundation Inc. To Acquire Tgr Financial, Inc. And Its Bank Subsidiary, First Florida Integrity Bank

Published: 06/03/2021 11:32 GMT
First Foundation Inc (FFWM) - First Foundation Inc. to Acquire Tgr Financial, Inc. and Its Bank Subsidiary, First Florida Integrity Bank.
Tgr Financial Inc - Deal is an All-stock Transaction Valued at About $295 Million, Or $15.23 per Tgr Financial Share.
Tgr Financial Inc - Each Tgr Financial Shareholder to Get 0.6068 of a Share of First Foundation Common Stock for Each Share.
Tgr Financial Inc - Co's Shareholders Will Own About 20.2% Shares of First Foundation After Deal.
Tgr Financial Inc - Definitive Agreement Was Unanimously Approved by Board of Each Company.
Tgr Financial Inc - Co's Chairman and Ceo, Gary Tice, Will Join First Foundation Board.
Tgr Financial - Co's Directors, Executive Officers, Some Shareholders Committed to Vote Their Shares in Favor of Deal.