FirstSun Capital Bancorp, the holding company of Sunflower Bank, N.A. and HomeStreet, Inc. (HMST), the holding company of HomeStreet Bank, have entered into a definitive merger agreement. HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank, respectively, with HomeStreet Bank continuing to operate under its tradename. The companies will combine in an all-stock deal in which HomeStreet shareholders will receive 0.4345 of a share of FirstSun common stock for each share of HomeStreet common stock which represents a value of $14.75 per share. The combined entity is anticipated to be listed on the NASDAQ.
FirstSun also has entered into investment agreements with investors to raise capital to support the merger, led by Wellington Management. In aggregate, $175 million of common stock will be issued to those investors, the company said. FirstSun will sell: approximately 2.46 million shares of its common stock at an issuance price of $32.50 per share at the announcement of the merger; and 2.92 million shares of its common stock at an issuance price of $32.50 per share at the closing.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.