On November 8, Dallas-based First Foundation Inc., a financial services company with two wholly-owned operating subsidiaries, First Foundation Bank and First Foundation Advisors, announced that David DePillo, who has served as president of First Foundation Inc. and First Foundation Bank since 2015, will step down effective immediately.
Kevin Thompson, chief financial officer, 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 Scott F. Kavanaugh, CEO.
“The entire executive management team appreciates the service David has given to First Foundation over the past seven years,” Kavanaugh says. “His contributions to the bank and his commitment to the execution of strategic initiatives have been meaningful. We wish him well as he pursues his future endeavors.”
Thompson has served as First Foundation’s CFO since 2020. Prior to that, he was executive vice president/chief financial officer and treasurer at Opus Bank from 2017 to 2020, where his responsibilities focused on 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 and American Express Centurion Bank. Thompson holds a BS degree in international relations and an MBA degree, both from Brigham Young University. He is a certified public accountant, licensed in the State of Utah since 2003.
“I have full confidence that Kevin’s extensive leadership experience coupled with his impressive business acumen will benefit our competitive strategies as we navigate the current environment,” Kavanaugh says. “I look forward to working with Kevin in this capacity and know he will make an outstanding interim president.”
Established in 2007, First Foundation Inc./First Foundation Bank operates locations in Texas, California, Florida, Hawaii and Nevada.