Castle Creek Capital Acquires $40M Equity Stake in FirstSun Capital Bancorp

Fortress, Canyon Partners and Others Invest $228M in First Foundation

July 9, 2024

Financial Services

First Foundation closed a $228 million equity financing with investments from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors. The company issued common and preferred shares and seven‑year warrants in the transaction; Jefferies served as exclusive placement agent. The capital is intended to strengthen First Foundation's balance sheet and support its growth as a regional bank and wealth manager.

FirstSun Capital Bancorp Acquires Pioneer Bancshares, Inc.

April 1, 2022

Financial Services

FirstSun Capital Bancorp completed its merger with Texas-based Pioneer Bancshares, Inc., effective April 1, 2022. Pioneer's subsidiary Pioneer Bank, SSB was merged into Sunflower Bank, expanding FirstSun/Sunflower's branch footprint in Texas and increasing the combined company’s assets to over $7.3 billion pro forma.

CrossFirst Bankshares Acquires Canyon Bancorporation and Canyon Community Bank

April 21, 2023

Financial Services

CrossFirst Bankshares, Inc. will acquire Canyon Bancorporation, Inc. and its subsidiary Canyon Community Bank, N.A. in a stock-and-cash transaction valued at an estimated $15.1 million. The deal adds a Tucson branch and core deposit base (Canyon Bank: $122M loans, $169M deposits as of March 31, 2023) to CrossFirst's regional banking footprint and is expected to close in H2 2023 subject to regulatory approval.

Brookfield Acquires 51% Stake in Castlelake's Fee-Related Earnings

September 17, 2024

Financial Services

Brookfield Asset Management has completed a strategic partnership with Castlelake L.P., acquiring a 51% interest in Castlelake's fee-related earnings while Brookfield Wealth Solutions committed to invest in Castlelake's funds and strategies, bringing total committed capital to $1.5 billion. Castlelake will continue to operate independently, retaining its leadership and majority ownership of performance-related earnings. The transaction strengthens Brookfield's asset-based private credit capabilities and provides capital to scale Castlelake's platform.

West Coast Community Bancorp (Santa Cruz County Bank) Merges with 1st Capital Bancorp

October 1, 2024

Financial Services

West Coast Community Bancorp (parent of Santa Cruz County Bank) completed a merger with 1st Capital Bancorp (and 1st Capital Bank) effective October 1, 2024, and launched the combined bank brand, West Coast Community Bank, on April 1, 2025. The stock-for-stock transaction (1st Capital shareholders received 0.36 shares of Bancorp) expanded the combined franchise across California's Central Coast and Silicon Valley, creating a ~10-branch community bank with roughly $2.8 billion in total assets and increased lending capacity.

The First Bancshares Acquires Beach Bancorp, Inc.

April 26, 2022

Financial Services

The First Bancshares, Inc. (The First) entered into and completed a definitive agreement to acquire Beach Bancorp, Inc., the parent of Beach Bank, in an all‑stock transaction valued at approximately $116.7 million based on First Bancshares’ April 25, 2022 closing price. Beach Bank — which operates seven branches across the Florida panhandle and Tampa markets — was merged into The First Bank, expanding The First’s footprint in Northwest Florida and providing an entry into the Tampa market.