First Foundation Inc. has entered into an agreement to merge with FirstSun Capital Bancorp, with FirstSun remaining as the surviving company. In an update to this transaction, both companies have amended the merger agreement to change the terms regarding the conversion of non-voting common stock. Under the revised terms, holders of non-voting common stock may now elect to convert their shares into common stock only if a FirstSun action reduces their percentage ownership of voting securities, and only to the extent that the conversion does not result in the holder acquiring a greater percentage of voting securities than they held before the action. Other key terms of the merger, including the merger consideration and exchange ratio, remain unchanged. This update was disclosed by First Foundation Inc.

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