secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTSUN CAPITAL BANCORP (FSUN)
CIK:        0001709442
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001628280-24-001296
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709442/000162828024001296/0001628280-24-001296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709442/000162828024001296/fcb-20240116.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001296

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