First Foundation hires outsider as CEO amid strategy overhaul

Financial News

First Foundation hires outsider as CEO amid strategy overhaul

  The Dallas bank is replacing longtime CEO Scott Kavanaugh, who stepped down Thursday, with veteran banking executive Thomas Shafer. Shafer previously led Chemical Bank, which was acquired by TCF Financial in 2019. 

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  The Columbus, Ohio-based regional launched Lift Local Business in October 2020 with a $25 million ceiling. Four years and $133 million later, the program is still going strong. 

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Financial News

  The Federal Reserve released additional information about its periodic review of its monetary policy strategy, tools and communications framework; TD Bank Group announced Michelle Myers will succeed Anita O'Dell as global chief auditor; Provident Financial Services will expand its commercial

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Financial News

  The bank and payment company are using the technology that underpins digital assets to improve interoperability for international transactions, a major point of friction in trade finance. 

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Financial News

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