FirstSun Capital Bancorp和HomeStreet修改合并协议

2024-05-01 05:49

FirstSun Capital Bancorp (OTCQX:FSUN) and HomeStreet (NASDAQ:HMST) said on Tuesday that they mutually agreed to amend their definitive merger agreement that was entered into on January 16.
The amendment, among other things, provides for an increase in FirstSun’s total equity capital raised in connection with the merger of an additional $45 million to $60 million, resulting in an increase from an aggregate capital raise of $175 million to up to $235 million.
The amendment also says that the combined company’s ongoing banking operations will operate under a Texas state charter with FirstSun’s subsidiary bank, Sunflower Bank, converting from a national bank to a Texas state chartered bank, and that Sunflower Bank would also seek membership in the Federal Reserve System.
HomeStreet’s disposition or sale of approximately $300 million of certain of its commercial real estate loans, which disposition or loan sales will be consummated upon, or as soon as reasonably practicable, after the closing of the merger, the amendment entailed.
Source: Press Release

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