On January 16, 2024, HomeStreet, Inc. (HomeStreet), FirstSun Capital Bancorp (FirstSun), and Dynamis Subsidiary, Inc. entered into an Agreement and Plan of Merger (the Merger Agreement). On the terms and subject to the conditions in the Merger Agreement, Merger Sub will merge with and into HomeStreet, with HomeStreet continuing as the surviving entity (the Merger), and immediately following the Merger, HomeStreet will merge with and into FirstSun (the Second-Step Merger), with FirstSun continuing as the surviving corporation (the Surviving Entity). Promptly following the Second-Step Merger, HomeStreet Bank(HomeStreet Bank), and, as of immediately prior to the Second-Step Merger, a wholly owned subsidiary of HomeStreet, will merge with and into Sunflower Bank, N.A.(Sunflower Bank) (the Bank Merger and together with the Merger and the Second-Step Merger, the Mergers), with Sunflower Bank continuing as the surviving bank (the Surviving Bank).

Following the Bank Merger, the Surviving Bank will continue to operate the assumed branches of HomeStreet Bank under the HomeStreet Bank" name and brand. The Merger Agreement was unanimously approved by the boards of directors of each of FirstSun and HomeStreet. Subject to the receipt of requisite regulatory and stockholder approvals and satisfaction or waiver of other closing conditions, certain of which are described below, the parties anticipate that the Mergers and the accompanying Investments will close in mid-2024.

The Merger Agreement provides that, effective as of the effective time of the Second Step Merger, three members of the board of directors of HomeStreet shall be appointed to the board of directors of the Surviving Entity (the HomeStreet Directors). The HomeStreet Directors shall consist of Mark Mason (who shall be appointed as Executive Vice Chairman of the Surviving Entity) and two other HomeStreet Directors appointed by FirstSun, subject to certain eligibility requirements. The Merger Agreement also provides that, effective as of the effective time of the Bank Merger, three members of the board of directors of HomeStreet Bank, including Mark Mason, shall be appointed to the Board of Directors of the Surviving Bank.