Pacific Rim Bank, a full-service community bank in Honolulu, HI, has merged into and become a wholly-owned subsidiary of Irvine, CA-headquartered First Foundation, which provides services such as investment and wealth planning.

Pacific Rim Bank has officially merged into First Foundation Bank and will take the latter's name to form a financial services company spanning eight geographic regions in Hawaii, California and Nevada.

Scott Kavanaugh, chairman and chief executive of First Foundation, said Hawaii has been an “important region” for the firm with respect to opportunities in the integrated banking, trust and wealth management sectors.

First Foundation Bank offers provides clients with a range of banking, trust, and wealth management solutions. The merger with Pacific Rim will expand these resources to individuals and businesses in Hawaii in “new ways,” said Kavanaugh.

Pacific Rim Bank is now a wholly-owned subsidiary of First Foundation Bank, which is headquartered in California.