First Foundation Inc. announced that David DePillo, who has served as President of First Foundation Inc. and First Foundation Bank since 2015, will step down effective immediately. Chief Financial Officer, Kevin Thompson, has been named Interim President of First Foundation Inc. 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.

Thompson has served as First Foundation's Chief Financial Officer since 2020. Prior, he was Executive Vice President, Chief Financial Officer and Treasurer at Opus Bank from 2017-2020, where his responsibilities included accounting and finance functions, including financial performance and reporting, strategic planning, investor relations, tax, and coordination of external auditors and banking regulators. He has held key leadership positions at Midland States Bancorp, Zions Bancorporation, American Express Centurion Bank.

Thompson holds a Bachelor of Science degree in International Relations and an MBA, both from Brigham Young University. Thompson is a Certified Public Accountant, licensed in the State of Utah since 2003. In his role as Interim President, Thompson will be responsible for implementing the mission and vision of the bank and overseeing all areas of consumer and commercial banking, in addition to leading the financial operations, finance teams, corporate development, human resources and vendor management for First Foundation Bank and First Foundation Advisors.