Deal#2 for 2024

Combination will create a premier bank operating in the nation’s best markets in the Southwest and West Coast

  • Combined assets of approximately $17 billion
  • Dallas, Texas headquartered bank with an extensive footprint in 6 of the top 10 fastest growing MSAs in the United States
  • Top-tier performance metrics on a pro forma combined basis: ~1.4% ROA and ~17% ROATCE
  • 30%+ accretion to FSUN’s 2025 estimated EPS
  • $175 million equity raise, led by Wellington Management, is fully committed
  • Pro forma balance sheet well-positioned with a high-quality combined deposit franchise and neutral interest rate risk profile
  • Highly experienced combined executive management team with proven expertise in M&A

DENVER & SEATTLE, January 16, 2024--(BUSINESS WIRE)--FirstSun Capital Bancorp ("FirstSun," or the "Company") (OTCQX: FSUN), the holding company of Dallas-based Sunflower Bank, N.A. ("Sunflower Bank") and Seattle-based HomeStreet, Inc. ("HomeStreet") (Nasdaq: HMST), the holding company of HomeStreet Bank ("HomeStreet Bank") jointly announced today that they have entered into a definitive merger agreement, which was unanimously approved by the board of directors of both companies. Under the terms of the agreement, HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank, respectively, with HomeStreet Bank continuing to operate under its tradename in its current markets. Under the terms of the agreement, the companies will combine in an all-stock transaction in which HomeStreet shareholders will receive 0.4345 of a share of FirstSun common stock for each share of HomeStreet common stock which represents a value of $14.75 per share representing a 37% premium to the closing price per share of HomeStreet Shares on January 12, 2024. The combined entity is expected to be listed on the NASDAQ upon closing.

FirstSun also announced today that it has entered into investment agreements with investors to raise capital to support the merger, led by Wellington ...

Read More
Comments

Takeover for 67% gain at closing. Up 50% today

ANCHORAGE, Alaska and RENTON, Wash., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (“First Financial Northwest”) (NASDAQ GS: FFNW) announced today they have entered into a definitive agreement in which Global will ...

Read More
Comments

Ruthless Efficiency, Timeless Opportunity and Marriage Tips from Mitch and Murray

0:00:02.2 Tim Melvin: Hey guys, Tim Melvin here. It's Christmas Eve just coming to you here. My wife is out in the kitchen. You can smell all the kind of cookies coming through. She just came up with some new ...

Read More
Comments

Ruthless Efficiency, Timeless Opportunity and Marriage Tips from Mitch and Murray

0:00:02.2 Tim Melvin: Hey guys, Tim Melvin here. It's Christmas Eve just coming to you here. My wife is out in the kitchen. You can smell all the kind of cookies coming through. She just came up with some new ...

Read More
Comments

Takeover in Focus Stock Portfolio

One of the banks in our income portfolio in the monthly letter is taking over one of the banks in the Focus stock portfolio. The proposed deal price we will have a total return on our shares of about 33% ...

Read More
Comments

Focus Bank Takeover

One of the banks in our income portfolio in the monthly letter is taking over one of the banks in the Focus stock portfolio. The proposed deal price we will have a total return on our shares of about 33% ...

Read More
Comments

No Fighting, parking places and looming opportunities

Read More
Comments

No fighting, short term parking and looming opportunities

Read More
Comments

Takeover #3 for the Year...another big win

Hometown Financial Group, Inc. (“Hometown”), the multi-bank holding company for bankESB, bankHometown and Abington Bank, and Randolph Bancorp, Inc. (NASDAQ: RNDB) (“Randolph”), the bank holding company for Envision Bank, jointly announced today that they have entered into a definitive merger ...

Read More
Comments

Takeover in the High Yield Bank Portfolio- Takeover #2 for 2022

The Community Bank Stock Investors gives us takeover #2 for 2022


CANFIELD, Ohio and EMLENTON, Pa., March 24, 2022 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers ...

Read More
Comments

Takeover in High Yield Bank Portfolio

55% one year gain in the stock in about a year


CANFIELD, Ohio and EMLENTON, Pa., March 24, 2022 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers ...

Read More
Comments

Takeover #1 for 2022 CBM Bancorp (CBMB)

A 35% return

Rosedale Federal Savings & Loan Association ("Rosedale Federal") and CBM Bancorp, Inc. ("CBM Bancorp") (OTCMKTS- "CBMB") jointly announced the signing of a definitive merger agreement pursuant to which Rosedale Federal will acquire CBM Bancorp, the Baltimore, Maryland ...

Read More
Comments