other material
confidence high
sentiment neutral
materiality 0.55
FirstSun sells ~$336M of performing municipal loans from First Foundation acquisition
FIRSTSUN CAPITAL BANCORP
- Sale of ~$336M of performing municipal loans to unaffiliated third party completed on June 25, 2026.
- Sale completes balance sheet repositioning strategy announced with First Foundation Inc. acquisition closed April 1, 2026.
- Proceeds will be used to pay down high-cost brokered and non-brokered deposits acquired from First Foundation Bank.
- Overall repositioning including loan fair value marks expected in line with prior disclosed expectations.