Firstsun Capital Bancorp
06/25/2026 | Press release | Distributed by Public on 06/25/2026 13:59
Material Event (Form 8-K)
Item 8.01 Other Events.
On June 25, 2026, FirstSun Capital Bancorp ("FirstSun," "we," "us," and "our"), the holding company for Sunflower Bank, National Association (the "Bank"), announced that the Bank completed the sale of approximately $336 million of performing municipal loans acquired from First Foundation Bank to an unaffiliated third party. The sale of municipal loans was contemplated and announced as part of our acquisition of First Foundation Inc. ("First Foundation"), which closed on April 1, 2026.
With the completion of the sale of municipal loans, we have now completed the balance sheet repositioning strategy that we announced as part of our planned acquisition of First Foundation. We intend to use the proceeds from the sale of municipal loans to pay down certain high cost brokered and non-brokered deposits acquired from First Foundation Bank. We expect our overall balance sheet repositioning, including loan downsizing, and total loan fair value marks, including marks related to loan downsizing, to be in line with our expectations disclosed at the time we announced our planned acquisition of First Foundation.
Firstsun Capital Bancorp published this content on June 25, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 25, 2026 at 19:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]