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First Foundation Bank Review

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First Foundation Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


First Foundation Bank started in 2007 with headquarters located in Irvine, California. It manages assets of $5 billion along with deposits totaling $3 billion, which makes it a large bank. First Foundation Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at an average 3.9 out of 5 stars, First Foundation Bank is a respectable bank that should be given a look. First Foundation Bank has a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. First Foundation Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, First Foundation Bank's standard checking account does not have a monthly fee. Institutions that offer no-fee checking and a high interest rate savings account are your best option for returning the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

First Foundation Bank features a savings rate of 0.25%, which is fair compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 1.10% and 0.90%, respectively, while its highest-yielding money market account has a rate of 0.25%. Given First Foundation Bank's noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How First Foundation Bank's Savings Rates Compare

First Foundation Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First Foundation Bank generally has extremely low fees compared to other U.S. banks. First Foundation Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. First Foundation Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll have to locate a First Foundation Bank ATM or eat the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

First Foundation Bank is a brick-and-mortar bank, with 21 total bank locations in California, Hawaii and Nevada. With mobile and web apps, First Foundation Bank makes mobile banking easy, even on the go. You can access First Foundation Bank's app to control your funds by checking account balances, transferring money as well as reaching support representatives. First Foundation Bank receives an excellent consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

First Foundation Bank is currently a large bank and has assets totaling $5 billion as well as deposits totaling $3 billion. First Foundation Bank's Texas Ratio is 3.67%, signifying that First Foundation Bank is in terrific financial health and far from failure. Additionally, First Foundation Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare First Foundation Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $250
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 1.10% APY
  • 24 Month: 1.10% APY
  • 36 Month: 1.10% APY
  • 48 Month: 0.80% APY
  • 60 Month: 0.90% APY
$2500 for all terms
Money Market Account 0.25% APY $10000

First Foundation Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First Foundation Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First Foundation Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a First Foundation Bank Near Me

First Foundation Bank has 21 locations across the U.S.

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