FirstSun acquires HomeStreet in all-stock deal valued at $14.75/sh (37% premium); $175M equity raise led by Wellington

FIRSTSUN CAPITAL BANCORP

HomeStreet shareholders get 0.4345 FSUN shares per HMST share, valued at $14.75, a 37% premium to Jan 12 close.
Combined company to have ~$17B assets, 129 branches; expected to list on NASDAQ; EPS accretion 30%+ in 2025.
$175M equity raise: $80M immediate at $32.50/sh from Wellington, $95M at close; pro forma CET1 ~9.1%.
Mollie Hale Carter (Executive Chairman) and Neal Arnold (CEO) remain; Mark Mason (HomeStreet CEO) becomes Executive Vice Chairman.
Transaction expected to close mid-2024 subject to regulatory and shareholder approvals.

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