Simone Lagomarsino is taking on even more responsibility at First Foundation in Dallas.
The $13.6 billion-asset company disclosed in a press release that Lagomarsino had become its president, succeeding Scott Kavanaugh. She had already been named the bank’s president as part of a recent capital raise.
Kavanaugh remains the company’s CEO.
First Foundation raised $228 million this summer in a a deal that will help it lower its concentration of multifamily loans. Lagomarsino, former CEO of Luther Burbank and Heritage Oaks Bancorp, was also among four people who recently joined First Foundation’s board.