FIRSTSUN CAPITAL BANCORP 8-K

What Happened
FirstSun Capital Bancorp (FirstSun) filed an 8-K on June 5, 2026 reporting results of its June 5, 2026 annual meeting and disclosure that its bank subsidiary closed a major loan sale. Shareholders elected all seven director nominees and ratified Crowe LLP as independent auditor. Separately, the Bank closed on the sale (June 4, 2026) of approximately $890 million of performing multifamily commercial real estate loans acquired from First Foundation Bank to entities affiliated with Brookfield Asset Management.

Key Details

• Annual meeting (June 5, 2026): all seven director nominees elected. Broker non-votes: 1,509,508. Vote tallies (For / Withheld):
  • Sam Edelson: 37,646,470 / 16,122
  • Henchy R. Enden: 37,628,147 / 34,445
  • John S. Fleshood: 37,047,578 / 615,014
  • Benjamin Mackovak: 37,650,861 / 11,731
  • Peter E. Murphy: 37,651,465 / 11,127
  • C. Allen Parker: 37,649,737 / 12,855
  • Thomas C. Shafer: 37,519,096 / 143,496
• Auditor ratification: Crowe LLP ratified (For: 39,147,792; Against: 20,764; Abstain: 3,544).
• Loan sale: ~ $890 million of performing multifamily CRE loans sold to Brookfield-affiliated entities (closed June 4, 2026). Proceeds are intended to pay down certain high-cost brokered and non-brokered deposits acquired from First Foundation Bank.
• Timing: FirstSun expects to complete the remainder of its previously disclosed balance sheet loan downsizing before the end of Q2 2026 and says the overall repositioning and loan fair value marks should be in line with prior expectations.

Why It Matters
The $890M loan sale is a material balance-sheet event: proceeds are earmarked to reduce higher-cost deposits acquired in the First Foundation acquisition, which can improve funding costs and liquidity position. The company reiterates that remaining loan downsizing and valuation marks are expected to align with prior guidance, but notes these are forward-looking and subject to risks. Investors should monitor FirstSun’s upcoming disclosures for the completion of the balance sheet repositioning and any impacts on net interest income, credit exposure, and reported fair-value marks.