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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


Founded in 2007, First Foundation Bank has $5 billion in assets along with $3 billion in deposits, which makes it a large bank. First Foundation Bank, whose headquarters are in Irvine, California, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset has rated the bank 3.9 out of 5 stars, indicating that First Foundation Bank is a good bank that warrants your consideration. First Foundation Bank has the full package of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It 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. Finding a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best option for gaining the most income on your deposits while maintaining convenient access to your funds.

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

With a savings rate of 0.25%, First Foundation Bank ranks poorly in comparison to other U.S. banks. Its one-year CD has a rate of 0.65% and the five-year CD has a rate of 0.90%, while its highest-yielding money market account earns at an APY of 0.25%. Given its noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.

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 in comparison to the average U.S. bank. First Foundation Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. First Foundation Bank unfortunately does not refund out-of-network ATM charges, meaning you will be required to find 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. It also offers access to mobile and web apps for a straightforward mobile-banking experience. You can utilize First Foundation Bank's mobile app to control your accounts by reviewing current statements, transferring money as well as reaching support representatives. First Foundation Bank receives a superb consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 ranks as a large bank and manages $5 billion in assets as well as $3 billion in deposits. Its Texas Ratio is 3.67%, suggesting a negligible chance of 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: 0.65% APY
  • 24 Month: 0.85% APY
  • 36 Month: 1.00% APY
  • 48 Month: 0.80% APY
  • 60 Month: 0.90% APY
$2500 for all terms
Money Market Account 0.25% APY $25000

First Foundation Bank has several deposit products including 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 compared to the average U.S. bank.

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Find a First Foundation Bank Near Me

First Foundation Bank has 21 physical locations in the U.S.

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