Capital InjectionThe deal includes a $175 million equity injection led by Wellington, which will be used to help plug the capital hole created by marking HMST's assets to fair value.
Credit QualityCredit quality remains healthy with net charge-offs of only $0.3 million in 4Q.
Merger And AcquisitionFirstSun Merger is a Solid Outcome for HMST Shareholders; HomeStreet shareholders will receive 0.4345 of FSUN shares for each share of HMST stock, which represents a value of $14.75 per share and a 37% premium.