2025-10-28 14:00Transaction Overview - FirstSun Capital Bancorp (FSUN) will acquire First Foundation Inc (FFWM) in a 100% stock transaction, with FFWM stockholders receiving 016083 shares of FSUN for each FFWM share[36] - The aggregate deal value is approximately $785 million[36] - The combined entity is projected to have approximately $17 billion in pro forma total assets[20] - The pro forma combined Southwest branch footprint will include 70 existing Sunflower Bank branches and 22 First Foundation branches[22] Financial Highlights - The transaction is expected to result in over 30% EPS accretion by 2027[20] - The combined company is projected to achieve a 2027E Return on Average Tangible Common Equity (ROATCE) of 133% and a Return on Average Assets (ROAA) of 145%[20] - Pro forma tangible common equity to tangible assets (TCE/TA) is projected to be 96%[20] Strategic Rationale - The merger will accelerate FirstSun's expansion strategy in Southern California (SoCal)[19] - A balance sheet re-positioning plan aims to unlock First Foundation's core franchise by reducing risk[23] - The combined company will have a presence in 8 of the top 10 largest MSAs in the Central & Western US[27] Balance Sheet Adjustments - Approximately $34 billion in on-balance sheet downsizing is expected to be completed concurrent with closing[36] - The re-positioning plan includes reducing approximately $856 million of brokered deposits and approximately $11 billion of higher-rate/non-relationship deposits[52]