HOUSTON – Bracewell LLP is advising Pioneer Bancshares, Inc. (Pioneer), the holding company of Pioneer Bank, SSB, in its merger with FirstSun Capital Bancorp (FirstSun), holding company of Sunflower Bank, N.A. Pioneer and Pioneer Bank will merge with and into FirstSun and Sunflower Bank, respectively, in an all-stock transaction. This combination will bring Sunflower Bank an expanded presence in Texas, adding to its footprint in Arizona, Colorado, Kansas and New Mexico and home mortgage origination capabilities in 43 states.
The transaction is expected to close in the third quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals and Pioneer shareholder approval.
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Bracewell lawyers involved in the transaction included:
Partners: Don J. Lonczak, Scott C. Sanders, Timothy A. Wilkins, Jason M. Jean, Will Anderson and Troy L. Harder
Associates: Kate Barrington McGregor, Michael A. Recchia and Caroline E. Ellis