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First Foundation Extends Executive Contracts Amid Pending Merger

Story Highlights
  • First Foundation extended Simone Lagomarsino’s contract and formalized CFO James Britton’s pay and severance terms.
  • The company secured all approvals and plans to complete its merger into FirstSun on April 1, 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Foundation Extends Executive Contracts Amid Pending Merger

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First Foundation ( (FFWM) ) has shared an announcement.

On March 26, 2026, First Foundation Inc. extended the employment agreement of President and Chief Risk Officer Simone Lagomarsino through December 31, 2027, while leaving other material terms unchanged. On the same date, it entered into a new employment agreement with Chief Financial Officer James Britton, maintaining his $390,000 base salary, setting severance and death benefits, and defining conditions under which he would not receive severance.

These executive employment moves come as First Foundation and FirstSun Capital Bancorp, having received all required shareholder and regulatory approvals on March 12, 2026, prepare to complete their previously announced merger. The companies expect the transaction, which will fold First Foundation into FirstSun, to close on April 1, 2026, signaling leadership and compensation continuity as the combined institution moves toward integration.

The most recent analyst rating on (FFWM) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on First Foundation stock, see the FFWM Stock Forecast page.

Spark’s Take on FFWM Stock

According to Spark, TipRanks’ AI Analyst, FFWM is a Neutral.

The score is held down primarily by weak financial performance (multi-year losses, negative operating/free cash flow, and elevated leverage) and bearish technical momentum (below key moving averages with negative MACD). Offsetting this, recent positive merger approvals provide a meaningful catalyst, while valuation is difficult to assess due to the negative P/E and missing dividend yield.

To see Spark’s full report on FFWM stock, click here.

More about First Foundation

First Foundation Inc. is a financial services company that operates First Foundation Bank, providing banking and related financial solutions through its corporate structure. The company relies on a seasoned executive team, including its president, chief risk officer and chief financial officer, to oversee risk management, financial operations and strategic transactions.

Average Trading Volume: 768,915

Technical Sentiment Signal: Sell

Current Market Cap: $477.7M

Learn more about FFWM stock on TipRanks’ Stock Analysis page.

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