---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000253"
form_type: "8-K"
ticker: "FSUN"
cik: "0001709442"
company_name: "FIRSTSUN CAPITAL BANCORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:34:25.827508+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FirstSun and HomeStreet amend merger terms; capital raise up to $235M, exchange ratio reduced to 0.3867

## Summary
- Capital raise increased from $175M to up to $235M; Wellington leads additional $45M to $60M equity investment.
- Exchange ratio reduced from 0.4345 to 0.3867, valuing HomeStreet at $13.53 per share based on April 29 close.
- Termination fee payable by HomeStreet cut from $10M to $2.6M plus expenses if competing bid within 30 days.
- Bank merger restructured: Sunflower Bank to convert to Texas state charter; OCC app withdrawn, replaced by Fed and Texas approvals.
- FirstSun to issue $48.5M subordinated debt; HomeStreet to sell ~$300M CRE loans post-close.

## SEC filing metadata
- accession: 0001552781-24-000253
- form_type: 8-K
- ticker: FSUN
- cik: 0001709442
- company_name: FIRSTSUN CAPITAL BANCORP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1709442/000155278124000253/0001552781-24-000253-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1709442/000155278124000253/e24212_fsun-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000253
- JSON: https://secwatch.observer/filing/0001552781-24-000253.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000253.txt

## Key facts
- Material Agreements
  FIRSTSUN CAPITAL BANCORP amended Amendment No. 1 to Agreement and Plan of Merger with HomeStreet, Inc., Dynamis Subsidiary, Inc. valued at Increase in FirstSun's total equity capital raise from $175 million to up to $235 million; reduced E (effective 2024-04-30).
  - Action: amendment
  - Agreement: merger
  - Counterparty: HomeStreet, Inc., Dynamis Subsidiary, Inc.
  - Value: Increase in FirstSun's total equity capital raise from $175 million to up to $235 million; reduced E
  - Effective: 2024-04-30
  source text: On April 30, 2024, FirstSun Capital Bancorp, a Delaware corporation (“ FirstSun ”), entered into Amendment No. 1 (the “ Amendment ”) to the Agreement and Plan of Merger, dated January 16, 2024 (the “ Merger Agreement ”), by and among HomeStreet, Inc., a Washington corporation (“ HomeStreet ”), FirstSun, and Dynamis Subsidiary, Inc., a Washington corporation and wholly owned subsidiary of FirstSun (“ Merger Sub ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709442/000155278124000253/0001552781-24-000253-index.htm
- Material Agreements
  FIRSTSUN CAPITAL BANCORP amended First Amendment to Acquisition Finance Securities Purchase Agreement with Wellington Management and certain other institutional accredited investors valued at Additional investment of $45 million for an aggregate total investment of $140 million; sale and iss (effective 2024-04-30).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Wellington Management and certain other institutional accredited investors
  - Value: Additional investment of $45 million for an aggregate total investment of $140 million; sale and iss
  - Effective: 2024-04-30
  source text: Concurrently with its entry into the Amendment, on April 30, 2024, FirstSun entered into a First Amendment to Acquisition Finance Securities Purchase Agreement (the “ AFSPA Amendment ”) dated January 16, 2024, with certain funds managed by Wellington Management (“ Wellington ”) and certain other institutional accredited investors (each, an “ Additional Investor ” and, collectively with Wellington, the “ Investors ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709442/000155278124000253/0001552781-24-000253-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.