Firstsun Capital Bancorp 8-K, filed Oct 11, 2022
Firstsun Capital Bancorp (FSUN)
8-K
2022-10-11
For: 2022-10-06
View Original
Added on
April 12, 2026
About this 8-K
Firstsun Capital Bancorp filed this 8-K on October 11, 2022, reporting on events of October 6, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 11, 2022 (October 6, 2022 )
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(Address of principal executive offices and zip code)
(303 ) 831-6704
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act: none | ||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17CFR § 230.405) or 12b-2 of the Exchange Act of 1934 (17 CFR § 240.12b-2).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 6, 2022, FirstSun Capital Bancorp (the “Company”) announced the expansion of the Executive Leadership Team of Sunflower Bank, N.A., the Company’s wholly owned bank subsidiary (“Sunflower Bank”).
The following changes to the Executive Leadership Team of Sunflower Bank will become effective on October 10, 2022:
•Chief Financial Officer, Rob Cafera will continue in his current role with expanded responsibilities for the Residential Mortgage and Treasury Management lines of business.
•Chief Administrative Officer, Laura Frazier will continue in her current role with the addition of focused responsibilities for the development, planning and directing of our customer experiences, our culture and people strategies of the entire organization.
•Chief Credit Officer, Jennifer Norris will continue in her current role with added oversight of the Banking Operations and Enterprise Risk Management groups.
For additional biographical information regarding each of these executive officers, please see their respective biographies which are set forth in “Part III, Item 10. Directors, Executive Officers and Corporate Governance – Biographical Information for Executive Officers” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 25, 2022.
Item 7.01 Regulation FD Disclosure.
On October 6, 2022, the Company issued a press release regarding the expansion of the Executive Leadership Team of Sunflower Bank, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibit index lists the exhibits that are either filed or furnished with this Current Report on Form 8-K:
EXHIBIT INDEX
Exhibit Number | Description | |||||||
| 99.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 11, 2022 | By: | /s/ Robert A. Cafera, Jr. | ||||||
Name: | Robert A. Cafera, Jr. | |||||||
Title: | Principal Financial Officer | |||||||
Exhibit 99.1
FirstSun Capital Bancorp Announces Expansion of Executive Leadership Team at
Sunflower Bank, N.A.
Denver, CO (October 6, 2022) - FirstSun Capital Bancorp (“FirstSun”)(OTCQX: FSUN) announces the expansion of the Sunflower Bank, N.A. (“Sunflower Bank”) Executive Leadership team to reflect Sunflower Bank’s commitment to ensure its management structure continues to support its geographic and business line investments.
“We have made consistent progress over the years executing our strategic growth initiatives by expanding our geographic reach across many of the Southwest markets and building out our business line capabilities. With today’s announcement of the expanded leadership team, we have positioned the company for the next chapter of our growth and expansion,” said Neal E. Arnold, Chief Executive Officer, President of FirstSun and Sunflower Bank.
The following updates to the leadership structure and roles will be effective on October 10, 2022:
◦Chief Executive Officer and President, Neal Arnold will continue in his current role.
◦Chief Financial Officer, Rob Cafera will continue in his current role with expanded responsibilities for the Residential Mortgage and Treasury Management lines of business.
◦Chief Administrative Officer, Laura Frazier will continue in her current role with the addition of focused responsibilities for the development, planning and directing of our customer experiences, our culture and people strategies of the entire organization.
◦Chief Credit Officer, Jennifer Norris will continue in her current role with added oversight of the Banking Operations and Enterprise Risk Management groups.
◦Addition of Regional President, Seth Allen with an expanded role of Chief Banking Officer – Eastern Group, that includes oversight of the banking regions of Houston, Austin and San Antonio in Texas, as well as the Eastern Kansas and Northern New Mexico banking regions, and the Retail Banking business line.
◦Addition of Regional President, Chris Rude with an expanded role of Chief Banking Officer – Western Group, that includes oversight of the Arizona, Colorado, Central and Western Kansas, El Paso and Southern New Mexico banking regions, as well as the Business Banking and Private Banking lines of business.
◦Addition of Chief Lending Officer, Brian Walsh will continue in his current role, including oversight of the Dallas banking region, with expanded duties that include growth of Specialty lines within Commercial Banking and expanding fee income for the Commercial Banking line of business.
“We believe we have the leadership teams in place to continue our growth in all of our markets. Our teams have accomplished a great deal, and we expect their on-going commitment to our organization’s clients, employees and stockholders will continue to define what makes us different,” added Arnold.
About FirstSun Capital Bancorp
FirstSun Capital Bancorp, headquartered in Denver, Colorado, is the financial holding company for Sunflower Bank, N.A., which operates as Sunflower Bank, First National 1870 and Guardian Mortgage. Sunflower Bank provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives, with a branch network in five states and mortgage capabilities in 43 states. FirstSun had total consolidated assets of $7.1 billion as of June 30, 2022. First National 1870 and Guardian Mortgage are divisions of Sunflower Bank, N.A. To learn more, visit ir.firstsuncb.com, SunflowerBank.com, FirstNational1870.com or GuardianMortgageOnline.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will,” “continue,” “focus on” “may,” “believe,” “expect,” “anticipate,” “intend,” “should,” “plan,” and “potential” and similar references to future periods. Examples of forward-looking statements include, among others, the statements regarding the ability of FirstSun and Sunflower Bank to grow and expand in the future. Forward-looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause FirstSun’s actual results or financial condition to differ materially from those expressed in or implied by such statements. Important factors that could cause actual results to differ materially from those indicated in the forward-looking statements include, among others, changes in U.S. monetary policy, the level and volatility of interest rates, the capital markets and other market conditions that may affect, among other things, FirstSun’s liquidity, the value of its assets and liabilities, its ability to execute on its growth strategy and each of the factors and risks under the heading “Risk Factors” in its 2021 Annual Report on Form 10-K, in its Quarterly Reports on Form 10-Q, and in subsequent filings FirstSun makes with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by applicable law or regulation, FirstSun undertakes no obligation to revise or update any forward-looking statements.
Contacts:
Investor Relations:
Kelly C. Rackley
Corporate Secretary & Sr. Paralegal
303.962.0150 | stockholder.relations@sunflowerbank.com
Media Relations:
Jeanne Lipson
Vice President, Marketing
915.881.6785 | jeanne.lipson@sunflowerbank.com
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