FirstSun Capital Bancorp Terminates Material Agreement
Ticker: FSUN · Form: 8-K · Filed: Nov 19, 2024 · CIK: 1709442
Sentiment: neutral
Topics: agreement-termination, filing
TL;DR
FIRSTSUN CAPITAL BANCORP terminated a key deal, filing an 8-K on Nov 19, 2024.
AI Summary
On November 19, 2024, FIRSTSUN CAPITAL BANCORP filed an 8-K to report the termination of a material definitive agreement. The filing also includes financial statements and exhibits related to this event.
Why It Matters
The termination of a material definitive agreement can signal significant changes in a company's operational or financial strategy, potentially impacting its future performance and relationships.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement can introduce uncertainty and potential financial repercussions for the company.
Key Players & Entities
- FIRSTSUN CAPITAL BANCORP (company) — Registrant
- November 19, 2024 (date) — Date of Report
- November 18, 2024 (date) — Date as of Change
FAQ
What specific material definitive agreement was terminated by FIRSTSUN CAPITAL BANCORP?
The filing does not specify the exact name or details of the material definitive agreement that was terminated.
When was the termination of the material definitive agreement effective?
The filing indicates the date of the earliest event reported was November 18, 2024, and the report date is November 19, 2024.
What are the implications of terminating this agreement for FIRSTSUN CAPITAL BANCORP?
The filing does not provide specific details on the implications of the termination, but it is reported under 'Termination of a Material Definitive Agreement'.
Are there any financial statements or exhibits attached to this 8-K filing?
Yes, the filing explicitly states 'Financial Statements and Exhibits' as an item information.
What is the primary reason for this 8-K filing?
The primary reason for this 8-K filing is the termination of a material definitive agreement by FIRSTSUN CAPITAL BANCORP.
Filing Stats: 589 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-11-18 20:12:57
Filing Documents
- fcb-20241119.htm (8-K) — 30KB
- exhibit101-mutualterminati.htm (EX-10.1) — 28KB
- 0001709442-24-000076.txt ( ) — 192KB
- fcb-20241119.xsd (EX-101.SCH) — 2KB
- fcb-20241119_lab.xml (EX-101.LAB) — 23KB
- fcb-20241119_pre.xml (EX-101.PRE) — 13KB
- fcb-20241119_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. On November 18, 2024, FirstSun Capital Bancorp ("FirstSun"), Dynamis Subsidiary, Inc. ("Merger Sub") and HomeStreet, Inc. ("HomeStreet") agreed to terminate their previously announced merger agreement, originally announced on January 16, 2024, and amended on April 30, 2024 (as amended, the "Merger Agreement"), pursuant to a mutual termination agreement (the "Mutual Termination Agreement"). The foregoing description of the Merger Agreement and the Mutual Termination Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Merger Agreement, which was previously filed as Exhibit 2.1 to FirstSun's Current Report on Form 8-K on January 19, 2024, and Exhibit 2.1 to FirstSun's Current Report on Form 8-K on April 30, 2024, and the full text of the Mutual Termination Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) The following exhibit index lists the exhibits that are either filed or furnished with this Current Report on Form 8-K: EXHIBIT INDEX Exhibit Number Description 10.1 Mutual Termination Agreement, dated November 18, 2024, between FirstSun Capital Bancorp., Dynamis Subsidiary, Inc. and HomeStreet, Inc. * 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Pursuant to Item 601(a)(5) of Regulation S-K, certain schedules and similar attachments have been omitted. The registrant hereby agrees to furnish a copy of any omitted schedule or similar attachment to the SEC upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRSTSUN CAPITAL BANCORP Date: November 19, 2024 By: /s/ Neal E. Arnold Name: Neal E. Arnold Title: Chief Executive Officer