HomeStreet agrees to be acquired by FirstSun in stock merger with 0.4345 exchange ratio

Mechanics Bancorp

Each HomeStreet share converted into 0.4345 shares of FirstSun common stock.
Merger expected to close mid-2024, subject to shareholder and regulatory approvals.
Three HomeStreet directors, including Mark Mason, to join FirstSun board post-merger.
HomeStreet Bank branches to continue operating under 'HomeStreet Bank' name.
Termination fee of $10 million payable under certain circumstances.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Mechanics Bancorp entered into Agreement and Plan of Merger with FirstSun Capital Bancorp, a Delaware corporation (effective 2024-01-16).

Action: entry
Agreement: merger
Counterparty: FirstSun Capital Bancorp, a Delaware corporation
Effective: 2024-01-16

Exact text from the filing

On January 16, 2024, HomeStreet, Inc., a Washington corporation (“ HomeStreet ”), FirstSun Capital Bancorp, a Delaware corporation (“ FirstSun ”), and Dynamis Subsidiary, Inc., a Washington corporation and wholly owned subsidiary of FirstSun (“ Merger Sub ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).

View on SEC.gov

Browse all material agreements →

Mechanics Bancorp filing history →

Source: SEC EDGAR

accession 0001518715-24-000035

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.