On January 16, 2024, Blue Lion Capital announced that it is considering options after HomeStreet Inc. agreed to sell itself in an all-stock deal to FirstSun Capital Bancorp in a deal valued at $277 million. Blue Lion added that the Company?s decision to sell is a clear sign of exhaustion from the board of directors, and it clearly didnt believe it had the management team to take the bank forward and mentioned that the Company shareholders will receive about 0.43 FirstSun shares for each of their Company shares. In addition, an investor group led by active manager Wellington Management Co.

agreed to invest $175 million in the combined financial institution and will own about 14% of the combined company and the Company holders will own about 22% of shares following the deal closure, which the companies expect in mid-2024.Chuck Greige stated that he would seek to nominate directors following unsuccessful efforts in 2018 and 2019 or try to block the transaction; he will keep a close eye on whether FirstSun will pay Mark Mason a large change-of-control payment as part of the transaction and if it does, he could launch a campaign against such a move. Chuck Greige added that the merger agreement calls for Mark Mason to resign at the Company CEO, but he will join the combined Company board and there is no way Wellington would ever invest so much in a bank that Mark Mason was running.