Strategic Value Partners Files 13D on First Foundation Inc.

Ticker: FFWM · Form: SC 13D · Filed: 2024-10-08T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, activist-filing, 13d-filing

Related Tickers: FFWM

TL;DR

**STRATEGIC VALUE PARTNERS NOW HAS A 13D FILING ON FIRST FOUNDATION INC. (FFWM).**

AI Summary

Strategic Value Bank Partners LLC, through its affiliate Strategic Value Investors, LP, has filed a Schedule 13D concerning First Foundation Inc. The filing, dated October 8, 2024, indicates a change in beneficial ownership. Ben Mackovak is listed as the authorized contact for Strategic Value Investors, LP, located in Cleveland, Ohio.

Why It Matters

This filing signals a significant stakeholder's increased attention or potential influence over First Foundation Inc., which could impact the company's strategic direction or stock performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant strategic shifts, introducing uncertainty for investors.

Key Players & Entities

FAQ

What is the primary purpose of this Schedule 13D filing?

The filing is to report a change in beneficial ownership of First Foundation Inc. by Strategic Value Bank Partners LLC and its affiliate Strategic Value Investors, LP.

Who is the subject company of this filing?

The subject company is First Foundation Inc.

Which entity is filing this Schedule 13D?

The filing is made by Strategic Value Bank Partners LLC, with Strategic Value Investors, LP listed as the filer of the statement.

Who is the authorized person to receive notices for this filing?

Ben Mackovak of Strategic Value Investors, LP is the authorized person.

What is the date of the event that required this filing?

The date of the event which requires filing of this statement is October 2, 2024.

From the Filing

0001904067-24-000003.txt : 20241008 0001904067-24-000003.hdr.sgml : 20241008 20241008114324 ACCESSION NUMBER: 0001904067-24-000003 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20241008 DATE AS OF CHANGE: 20241008 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: First Foundation Inc. CENTRAL INDEX KEY: 0001413837 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-87992 FILM NUMBER: 241359618 BUSINESS ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 949-222-2030 MAIL ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 FORMER COMPANY: FORMER CONFORMED NAME: KELLER FINANCIAL GROUP DATE OF NAME CHANGE: 20071001 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STRATEGIC VALUE BANK PARTNERS LLC CENTRAL INDEX KEY: 0001904067 ORGANIZATION NAME: IRS NUMBER: 474394087 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 127 PUBLIC SQUARE STREET 2: SUITE 1510 CITY: CLEVELAND STATE: OH ZIP: 44114-1217 BUSINESS PHONE: 216-282-0704 MAIL ADDRESS: STREET 1: 127 PUBLIC SQUARE STREET 2: SUITE 1510 CITY: CLEVELAND STATE: OH ZIP: 44114-1217 SC 13D 1 svbpsch13d.htm SC 13D Schedule 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 First Foundation Inc. (Name of Issuer) Common Stock, $0.001 Par Value (Title of Class of Securities) 32026V104 (CUSIP Number) Ben Mackovak Strategic Value Investors, LP 127 Public Square, Suite 1510 Cleveland, Ohio 44114 216-282-0704 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 2, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page The information required on the remainder of this cover page shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Instructions). 1 NAME OF REPORTING PERSON: Strategic Value Investors, LP I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 6,768,343 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 6,768,343 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,768,343 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.2% 14 TYPE OF REPORTING PERSON PN 1 NAME OF REPORTING PERSON: Ben Mackovak I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER

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