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Tribune News Service
Tribune News Service
Business
Natalie Walters

First Foundation CEO on his journey from grocery bagger to founder of an $11 billion bank

DALLAS — Scott Kavanaugh is a two-time bank founder.

He helped establish Commercial Capital Bank in Orange County, California, in 1998, watching it grow into a business with $6 billion in assets. But before it was sold in 2006, he was abruptly pushed out. He still got a generous payment from the sale, although he wouldn’t specify the amount, but it left him with an itch.

A few years later, Kavanaugh, 61, founded another financial institution, First Foundation Bank. Last year, he moved himself and the bank’s headquarters from California to Dallas.

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