---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-001787"
form_type: "8-K"
ticker: "FSUN"
cik: "0001709442"
company_name: "FIRSTSUN CAPITAL BANCORP"
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:21:41.904234+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FirstSun Capital Bancorp to acquire HomeStreet in stock merger; $80M upfront investment from Wellington

## Summary
- Each HomeStreet share converts to 0.4345 FirstSun shares; merger expected mid-2024 subject to approvals.
- FirstSun raised $80M upfront from Wellington at $32.50/share and will raise $95M at closing from same investors.
- Termination fee of $10M payable by either party under certain specified circumstances.
- FirstSun stockholders (51.9% voting power) approved share issuance and charter amendment via written consent.
- Post-closing, three HomeStreet directors will join FirstSun board; Mark Mason named Executive Vice Chairman.

## SEC filing metadata
- accession: 0001628280-24-001787
- form_type: 8-K
- ticker: FSUN
- cik: 0001709442
- company_name: FIRSTSUN CAPITAL BANCORP
- filed_at: 2024-01-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1709442/000162828024001787/0001628280-24-001787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1709442/000162828024001787/fcb-20240115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-001787
- JSON: https://secwatch.observer/filing/0001628280-24-001787.json
- Plain text: https://secwatch.observer/filing/0001628280-24-001787.txt

## Key facts
- Material Agreements
  FIRSTSUN CAPITAL BANCORP entered into Agreement and Plan of Merger with HomeStreet, Inc., Dynamis Subsidiary, Inc. (effective 2024-01-16).
  - Action: entry
  - Agreement: merger
  - Counterparty: HomeStreet, Inc., Dynamis Subsidiary, Inc.
  - Effective: 2024-01-16
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709442/000162828024001787/0001628280-24-001787-index.htm
- Shareholder Votes
  FIRSTSUN CAPITAL BANCORP shareholders approved Approve the Share Issuance. at the 2024-01-15 meeting.
  - Outcome: passed
  - Meeting: 2024-01-15
  source text: Item 5.07. Submission of Matters to a Vote of Security Holders. Effective January 15, 2024, the holders of a majority of the voting power of FirstSun Common Stock executed a written consent approving and adopting (i) the Share Issuance, and (ii) approving the Charter Amendment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709442/000162828024001787/0001628280-24-001787-index.htm
- Shareholder Votes
  FIRSTSUN CAPITAL BANCORP shareholders approved Approve the Charter Amendment to increase the number of authorized shares of capital stock from 60,000,000 to 110,000,000. at the 2024-01-15 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2024-01-15
  source text: Item 5.07. Submission of Matters to a Vote of Security Holders. Effective January 15, 2024, the holders of a majority of the voting power of FirstSun Common Stock executed a written consent approving and adopting (i) the Share Issuance, and (ii) approving the Charter Amendment. The Charter Amendment will increase the number of FirstSun’s authorized shares of capital stock from 60,000,000 to 110,000,000, consisting of 100,000,000 shares of FirstSun Common Stock, and 10,000,000 shares of preferred stock, par value $0.0001 per share and will become effective upon FirstSun’s filing of the Charter Amendment with the Secretary of State of the State of Delaware. The written consent was signed by the holders of 12,945,632 shares of FirstSun Common Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709442/000162828024001787/0001628280-24-001787-index.htm

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