Castle Creek Capital, an alternative asset management firm, acquired $40 million of common stock in FirstSun Capital Bancorp.
Spencer T. Cohn is expected to join the Company's board of directors.
Castle Creek is now one of FirstSun's largest institutional stockholders.
Acquisition Details
Castle Creek managed funds acquired $40 million of common stock in FirstSun.
Board of Directors
Spencer T. Cohn will join the Company's board of directors.
Ownership Stake
Castle Creek's current ownership stake in FirstSun is approximately 4%.
- The acquisition strengthens Castle Creek's position as a significant institutional stockholder in FirstSun Capital Bancorp.
- Spencer T. Cohn's appointment to the board of directors signals potential strategic influence in the Company's direction.
The partnership between Castle Creek Capital and FirstSun Capital Bancorp is expected to drive value creation for stockholders by leveraging each other's strengths and expertise in the financial services sector.