First Foundation Bank is headquartered in IRVINE and is the 11th largest bank in the state of California. It is also the 130th largest bank in the nation. It was established in 2007 and as of June of 2024, it had grown to 489 employees at 30 locations. First Foundation Bank's money market rates are 11X the national average, and it has a B health rating.
Related Posts
2/8 - Online Savings & MMA Rate Dropped With No Notice
7/27 - First Foundation Online Savings Increases To 5% APY
5/11 - First Foundation Bank Boosts Online Savings Account Rate
5/5 - First Foundation's Online Savings Reaches 4.85% APY
3/15 - First Foundation ONLINE SAVINGS ACCOUNT Up To 4.50% APY
1/30 - First Foundation Raises Rate To 4.20%
12/8 - First Foundation Bank Joins The 4.00% Club
11/9 - New Savings Rate
11/9 - First Foundation Bank Raises Online Savings To 3.60% APY
11/9 - First Foundation Bank Online Savings To 3.60%
10/14 - First Foundation's Online Savings Edges Up To 3.10% APY
9/24 - First Foundation Bank Savings Acct. Increase To 2.75%
9/13 - First Foundation Online Savings Now 2.25% APY
8/3 - Savings Rate Increase To 2.02% APY
6/18 - First Foundation Bank Online Savings Account Has Highest APY
6/17 - A 1.65% Savings Account At First Foundation Bank
6/17 - First Foundation Online Savings Increase To 1.65%
5/5 - First Foundation Bank Online Savings Account Is New Rate Leader
5/4 - First Foundation Raises Online Savings To 1.00%
10/20/20 - First Foundation @ 0.75% APY
10/20/20 - Rate Drop To 0.75% 10/20/20
8/7/20 - First Foundation Dropping To 1.00% Today
6/19/20 - Rate Drop To 1.20%
6/4/20 - Rate Drop To 1.45%
5/21/20 - Current Rate Leader First Foundation Savings Drops To 1.60% APY
5/10/20 - Updated Minimum Balance Required To Earn Stated APY From $1000 To $.01
3/25/20 - Rate Drop To 1.735% - 3/24/20
3/6/20 - Grandfathered 2.20% APY Accounts Down To 2.00% Effective Today March 6, 2020
2/5/20 - First Foundation Bank Online Savings APY Remains Competitive
11/20/19 - FFB Grandfathers In Existing Customers To 2.40% Savings Account
11/11/19 - New Money Only
10/14/19 - First Foundation Bank Online Savings Account Earns 2.40% APY
3/3/17 - 1.07% Money Market Special & 1.25% 13Mo CD Special In SoCal
Very Good Experience
I've been with First Foundation for 2 or 3 years and have always received excellent customer service.
Gary Ketenchian in Sherman Oaks has gone above and beyond when it comes to customer service. Their online savings rate is near the top offered in online banking. I will continue to refer friends to bank with them.
L.B.
Avoid This Bank At All Costs
DO NOT TRUST THESE PEOPLE WITH YOUR MONEY! Melani Breland and Shelly O'Byrne are absolutely the least equipped people to handle money. I wouldn't trust these people with a penny. Uncommunicative and rude. They act like you work for them and that the money they're managing for you is their money. And don't even try to ask for an accounting, they have had my trust for a year and a half and I have not received one single piece of accounting. Extremely shady if you ask me.Save yourself the headache and avoid this bank at all costs.
Love My First Foundation
So far so good im in love with this Bank, now i have not tried anything online, i actually go into the branch and they have been great, the interest rates are Amazing!! So much better than my credit union
Thank you so much First Foundation
I Am Floored!!!
Update 9-26-23
I have now used them for several days, and it gets better and better and better. They have every single thing I ever wished for in a bank and then some: Savings with fantastic rates, checking with a perfect bill paying app, easy app for depositing checks, various methods of verification so if for some reason you cannot receive texts or calls you can still get in safely but without spending hours. On top of which, when I called customer service on three different occasions I got someone almost immediately and they extremely pleasantly and efficiently answered my questions.
I think I died and went to heaven. WOW!!!
Original review:
I am ditching Capital One 360 for making my life a living hell over the last month when I tried two very simple tweaks to my account.
Searching for banks online, I found I could get a much better return than theirs as well. First Foundation Bank had all the functionalities I wanted, a savings account with a terrific interest rate, a checking account with bill paying, and the ability to operate without a mobile, if so desired.
So I decided that it would be worth the lengthy application and approval process described in some reviews. Imagine my surprise when I opened two accounts plus added a joint holder and my church as a beneficiary (the two things I tried to accomplish with Capital One to the point of going insane) in exactly three minutes! WOW!!!!
What a joy!
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58647 |
| Year Established | 2007 |
| Employees | 489 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.07% |
| Return on Equity - YTD | 0.91% |
| Annual Interest Income | $303.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $13.68B$12.81B |
| Loans | Q2 2024vs Q2 2023 | $10.06B$10.55B |
| Deposits | Q2 2024vs Q2 2023 | $10.78B$10.82B |
| Equity Capital | Q2 2024vs Q2 2023 | $1.08B$1.08B |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $29.3MM$31.5MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $18.9MM$10.7MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $6.2MM$6.2MM |
