FirstSun Capital Bancorp, First Foundation Received Fed Approval For Proposed Merger

FirstSun Capital Bancorp ("FirstSun") (NASDAQ: FSUN) and First Foundation Inc. ("First Foundation") (NYSE:FFWM) today jointly announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System (the "Federal Reserve") to complete the proposed merger of First Foundation with and into FirstSun. The Federal Reserve approval follows recent approvals from the Office of the Comptroller of the Currency and the stockholders of both companies. All necessary bank regulatory approvals to complete the proposed transaction have now been received.

FirstSun and First Foundation expect to close the merger on April 1, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions.