First Foundation Inc. announced Ulrich E. Keller, Jr. resigned from the Board of Directors of the Company, effective as of July 8, 2024. Also in connection with the completion of the Investment, directors John A. Hakopian, David G. Lake, Diane M. Rubin, CPA, and Gabriel V. Vazquez (i) gave notice of their intent to resign from the Company Board, subject to the acceptance of such resignations by the Company, which is anticipated to occur concurrently with the appointment of their successors following receipt of all necessary regulatory approvals, and (ii) resigned from the Bank Board, effective as of July 8, 2024. Ms. Rubin and Mr. Vazquez serve on the Audit Committee of the Company Board.

Mr. Lake and Ms. Rubin serve on the Compensation Committee of the Company Board. Mr. Vazquez, Mr. Lake and Ms. Rubin serve on the Risk Committee of the Company Board.