Castle Creek Capital Invests $30 Million in FirstSun Capital Bancorp: A Milestone in the Community Banking Industry

Castle Creek Capital, a prominent private equity firm specialized in community banking investments, has announced a significant agreement. The firm will invest a whopping $30 million in FirstSun Capital Bancorp, showcasing its commitment to the growth and success of the community banking sector. This investment will support FirstSun's merger with HomeStreet, Inc., and propel its expansion in new markets. The deal is subject to customary closing conditions and regulatory approvals.

FirstSun Capital Bancorp, founded in 1892, is a reputable financial institution offering a wide array of specialized financial services to business and personal customers. With a branch network spanning across Texas, Kansas, Colorado, New Mexico, Arizona, and Washington, and mortgage banking capabilities in 43 states, FirstSun has established itself as a leading regional bank. This new investment from Castle Creek Capital will enable FirstSun to further solidify its position in the market and drive organic growth.

"We believe that FirstSun has the scale, platform, and management team to become a leading regional bank," says Tony Scavuzzo, Managing Principal at Castle Creek Capital. "FirstSun's exceptional reputation and expertise in commercial services make it an ideal player in key growth western markets. We are excited to support them in executing their mergers and acquisitions strategy."

FirstSun's CEO, Neal Arnold, expressed his enthusiasm for the partnership with Castle Creek Capital. "As a top-performing regional bank, it was crucial for us to find a capital partner that aligns with our growth values and entrepreneurial spirit," Arnold stated. "Castle Creek's expertise and support will enable us to expand our geographic reach, enhance our product offerings, and strengthen our relationships with stakeholders. We are confident that this partnership will bring significant benefits to both organizations."

Castle Creek Capital's investment in FirstSun Capital Bancorp not only reinforces the strength of the community banking industry but also highlights the potential for further growth and consolidation. By joining forces, Castle Creek Capital and FirstSun are actively shaping the future of regional banking, aiming to deliver exceptional service and value to their customers.

This strategic investment also demonstrates Castle Creek Capital's confidence in FirstSun's ability to lead the way in M&A activities within the community banking sector. With Castle Creek Capital's support, FirstSun is well-positioned to accomplish its goals of expanding its geographic footprint, diversifying its product offerings, and maximizing shareholder returns.

The partnership between Castle Creek Capital and FirstSun Capital Bancorp is built on shared values and a vision for the future. Castle Creek Capital, as a private equity firm with a proven track record in community banking investments, is a cultural fit with FirstSun's team. This alignment will undoubtedly foster collaboration and innovation, enabling both organizations to achieve their objectives effectively.

Sidley Austin LLP, a renowned law firm, has provided legal counsel to Castle Creek Capital throughout the investment process, ensuring compliance with regulatory requirements and safeguarding both parties' interests.

About First Sun Capital Bancorp

Headquartered in Denver, Colorado, FirstSun Capital Bancorp is a financial holding company that offers a comprehensive range of deposit, lending, treasury management, wealth management, and online banking products and services. It operates through its two wholly-owned subsidiaries - Sunflower Bank, National Association, and Logia Portfolio Management, LLC.

With total assets of $7.8 billion, net loans of $6.2 billion, total deposits of $6.3 billion, and total stockholders' equity of $843.7 million as of September 30, 2023, FirstSun Capital Bancorp has established a strong presence in the market and continues to focus on delivering exceptional financial solutions to its customers.

Forward-Looking Statements

This article may contain forward-looking statements, as indicated by federal securities laws. These statements are based on current expectations and assumptions and are subject to various uncertainties and risks that may cause actual results to differ materially from anticipated or implied outcomes. Factors beyond the control of Castle Creek Capital or FirstSun Capital Bancorp could impact the performance and results of the investment.