Castle Creek Capital Acquires $40 Million Equity Position in FirstSun Capital Bancorp.

Castle Creek Capital, an alternative asset management firm, has acquired a $40 million equity position in FirstSun Capital Bancorp from legacy stockholders. The acquisition is subject to legal and regulatory requirements and is expected to result in Spencer T. Cohn joining FirstSun's board of directors. Castle Creek is now one of FirstSun's largest institutional stockholders, with a current ownership stake of approximately 4%. The acquisition is seen as a strategic move to unlock FirstSun's core franchise and reduce its credit and liquidity risk profile.