First Foundation Inc. Acquires TGR Financial, Inc. and First Florida Integrity Bank

June 3, 2021

First Foundation Inc. agreed to acquire TGR Financial, Inc. (the holding company of First Florida Integrity Bank) in an all-stock transaction valued at approximately $295 million, creating a combined bank with roughly $9.4 billion in pro forma assets. The deal expands First Foundation's banking and trust presence in Florida; TGR shareholders will receive 0.6068 shares of First Foundation common stock per TGR share and will own about 20.2% of First Foundation on a pro forma basis.

Buyers
First Foundation Inc.
Targets
TGR Financial, Inc., First Florida Integrity Bank
Location
Florida, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.