FirstSun to buy HomeStreet; Forward Bank to buy Lake City

FirstSun Capital Bancorp in Denver has agreed to buy HomeStreet in Seattle. The $7.8 billion-asset FirstSun said in a press release that it will pay $286 million in stock for the $9.5 billion-asset HomeStreet. The deal is expected to close in mid-2024.

Forward Bank in Marshfield, Wisconsin, has agreed to buy Lake City Federal Bank in Lake City, Minnesota. The $964 million-asset Forward plans to complete its purchase of the $76 million-asset Lake City in the second quarter.

M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.

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