First Foundation, a financial services holding company, completed the acquisition of TGR Financial, a banking holding company, for $295m. "First Florida Integrity Bank has built a valuable banking franchise and we are committed to continuing its legacy by serving the needs of all its clients and enhancing its offering with our broad platform of services, as well as supporting programs available to local nonprofits in the bank’s local communities. This acquisition highlights our desire to continue growing our business in markets with attractive demographic and economic trends and we are excited to have a regional presence spanning from coast to coast," Scott Kavanaugh, First Foundation CEO. On December 6, 2021, First Foundation announced that all required regulatory approvals or waivers for the merger of TGR Financial have been received. The deal is expected to close on December 17, 2021.