First Foundation Acquires TGR Financial, First Florida Integrity Bank

First Foundation, a financial ser­vices company with two wholly-owned operating subsidiaries, First Founda­tion Advisors and First Foundation Bank, has completed an acquisition of TGR Financial and its bank subsidiary, First Florida Integrity Bank.

As part of the transaction, First Foundation announced that its board of directors has appointed Gary L. Tice to serve as a director. Previously, Tice was chairman of the board of directors for TGR Financial. In addition, Garrett Richter will assume the newly created position of market president overseeing banking activities in Florida.

Under terms of the merger agree­ment, each share of TGR Financial common stock and each share of TGR Financial preferred stock was converted into the right to receive 0.6068 of a share of First Foundation common stock.

First Foundation and its subsidiaries offer personal and commercial bank­ing, and private wealth management services, including investment, trust, insurance and philanthropy services. First Florida Integrity Bank is a Florida state-chartered bank with seven branch offices throughout Southwest Florida, plus a corporate office in Naples.

To find out more, please visit First­FoundationInc.com.