First Foundation appoints Parham Medhat as new chief operations officer

IRVINE, California - First Foundation Inc. (NYSE:FFWM), a financial services company with a market capitalization of $441.59 million, announced the appointment of Parham Medhat as Executive Vice President and Chief Operations Officer of First Foundation Bank, effective today. According to InvestingPro data, while the company faces current profitability challenges, analysts expect net income growth in the coming year.

In his new role, Medhat will oversee the bank’s enterprise operations, technology, and delivery infrastructure, according to a company press release.

Medhat brings more than 20 years of operational and technology leadership experience in the financial services industry. He previously served as Executive Vice President and Chief Operating Officer at Nano Banc, where he managed treasury operations, deposit operations, IT, facilities, and project management.

Prior to Nano Banc, Medhat held senior executive positions at Luther Burbank Savings, CTBC Bank USA, and Opus Bank, where he led system integrations and operational initiatives.

"Parham’s combination of operational expertise and technology vision makes him an exceptional addition to our leadership team," said Thomas C. Shafer, CEO of First Foundation Inc.

Medhat holds a Master of Arts in Technology-Based Education from California State University, Dominguez Hills, and a Bachelor of Arts in Cognitive Science from California State University, Long Beach.

First Foundation Inc. operates through two subsidiaries: First Foundation Advisors and First Foundation Bank, offering personal banking, business banking, and private wealth management services. The company is scheduled to report earnings on October 30, 2025. For detailed financial analysis and additional ProTips, investors can access the full company report on InvestingPro.

In other recent news, First Foundation Inc. reported a net loss for the second quarter of 2025, which did not meet analyst expectations. The bank’s adjusted core after-tax net income was $1 million, equating to $0.01 per share, while analysts had projected an EPS of $0.02. Revenue also fell short of projections, contributing to a less favorable outlook. Additionally, First Foundation announced two significant appointments within its executive team. Dean R. Glassberg has been appointed as Executive Vice President and Chief Credit Officer, where he will oversee credit strategy and operations. Stuart Bernstein has been named Executive Vice President and Chief Banking Officer, tasked with managing consumer services and business banking strategies. These leadership changes come as the company navigates its recent financial challenges.

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