FirstSun Capital Bancorp to Acquire HomeStreet in Definitive Merger; Raises $175 Million Equity

FirstSun Capital Bancorp entered into a definitive, all-stock merger agreement to acquire HomeStreet, creating a combined ~$17 billion regional bank with an expanded footprint in the Southwest and West Coast. FirstSun also agreed to raise $175 million of equity capital to support the merger and expected pro forma capitalization.