The merger agreement between FirstSun Capital Bancorp and First Foundation Inc. was finalized, creating a combined regional bank with an estimated transaction value of $785 million based on FirstSun’s closing price on October 24, 2025.
Under the terms, First Foundation common and preferred shareholders will receive 0.16083 of a FirstSun share for each fully converted share of First Foundation stock. Warrant holders will receive FirstSun shares and $17.5 million in cash. FirstSun shareholders will own 59.5% of the combined entity, while First Foundation shareholders will hold 40.5%.
The combined balance sheet is projected to feature approximately $17 billion in total assets and $12 billion in deposits, with about $6.8 billion in assets under management. The deal will also trigger a balance‑sheet repositioning plan that will reduce non‑core assets by roughly $3.4 billion.
Leadership of the new company will include Mollie Hale Carter as Executive Chairman, Neal Arnold as CEO and President, and Rob Cafera as CFO. Tom Shafer, former CEO of First Foundation, will serve as Vice Chairman, and five First Foundation directors will join the board.
The merger expands FirstSun’s footprint into Southern California, Texas, and the Southwest, leveraging First Foundation’s 18‑branch network in Southern California. The transaction is expected to close in early Q2 2026, pending regulatory approvals and shareholder votes. A joint conference call was held on October 28, 2025 to discuss the merger and FirstSun’s Q3 2025 earnings.
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