All Bank Regulatory Approvals Received for First Foundation-FirstSun Merger
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First Foundation Inc. and FirstSun Capital Bancorp have announced the receipt of all necessary bank regulatory approvals to complete their proposed merger. This follows the Federal Reserve's approval, which was reported yesterday, and the shareholder approval on February 27th. The receipt of all regulatory clearances removes a significant hurdle, paving the way for the imminent closing of the transaction. This development provides certainty regarding the merger's completion, which is a material positive catalyst for FFWM shareholders. Traders should now anticipate the final closing date announcement.
At the time of this announcement, FFWM was trading at $5.55 on NYSE in the Finance sector, with a market capitalization of approximately $461.7M. The 52-week trading range was $4.42 to $6.72. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.