The merger was executed under the Agreement and Plan of Merger dated October 27, 2025, and was finalized following the approval of FirstSun's stockholders on February 27, 2026. As part of the merger, First Foundation Bank has merged with Sunflower Bank, a wholly owned subsidiary of FirstSun, with Sunflower Bank continuing as the surviving entity. This strategic alignment is expected to enhance operational efficiencies and broaden the service offerings available to customers across a wider geographic area.
Mollie Hale Carter, Executive Chairman of FirstSun, expressed enthusiasm about the merger, stating, "We are thrilled to welcome the customers and team members from First Foundation to FirstSun and Sunflower Bank. This merger marks a transformational milestone for FirstSun, accelerating our growth strategy and creating a premier regional bank with a powerful footprint across some of the most dynamic markets in the country."
In conjunction with the merger, FirstSun has also made significant changes to its board of directors, appointing Thomas C. Shafer, the former CEO of First Foundation, as the Executive Vice Chairman. Additionally, several former directors from First Foundation have joined FirstSun's board, further strengthening the leadership team and governance structure.
The merger is anticipated to yield substantial benefits, including enhanced market competitiveness and improved financial performance. FirstSun's management is optimistic about the future, citing the merger as a key driver for growth and innovation in the banking sector. The integration process is expected to unfold smoothly, with a focus on maintaining service quality and customer satisfaction during the transition period. Overall, this merger positions FirstSun Capital Bancorp for a robust future in the evolving financial landscape.
