First Foundation announced that David DePillo, who has served as President of First Foundation and First Foundation Bank since 2015, will step down effective immediately. Chief Financial Officer, Kevin Thompson, has been named Interim President of First Foundation and First Foundation Bank while the bank conducts a comprehensive search for a permanent replacement for this role. Thompson will continue to report to Chief Executive Officer, Scott F. Kavanaugh. "The entire executive management team appreciates the service David has given to First Foundation over the last seven years," said Scott F. Kavanaugh. "His contributions to the bank and his commitment to the execution of strategic initiatives have been meaningful. We wish him well as he pursues his future endeavors."
Published first on TheFly
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