Fortress Investment Group leads $228M infusion of Dallas-based, First Foundation Bank, with heavy CRE exposure

  • 7/8/2024

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A Texas-based regional bank with substantial exposure to commercial real estate is receiving a $228M financial injection from a group of investors headlined by Fortress Investment Group. First Foundation Bank, a Dallas financial institution, is being shored up by a group of investors, including Fortress, Canyon Partners, Strategic Value Bank Partners and North Reef Capital. The group agreed to buy common and preferred shares, giving it 49% of the bank after the deal closes, The Wall Street Journal reported. Existing shareholders will retain 51% ownership. 

Fortress Investment Group (NYSE: FIG)
Eli Edwards | Managing Director, Acquisitions
First Foundation Bank
David Mitsuuchi | EVP, Chief Lending Officer

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