FirstSun to buy First Foundation in $785 million all-stock deal
Core Viewpoint - FirstSun Capital Bancorp is set to acquire First Foundation in an all-stock transaction valued at $785 million, indicating a trend of increasing mergers and acquisitions among regional banks amid ongoing credit conditions [1] Group 1: Acquisition Details - The acquisition deal is structured as an all-stock transaction [1] - The total value of the deal is reported to be $785 million [1] Group 2: Industry Context - The announcement reflects a broader trend of accelerating mergers and acquisitions within the regional banking sector [1] - This trend is occurring against a backdrop of challenging credit conditions [1]