Pioneer Bancshares’ Merger With FirstSun Capital Bancorp

Bracewell LLP advised Pioneer Bancshares, Inc. on the deal.

Pioneer Bancshares, Inc. (Pioneer), the holding company of Pioneer Bank, SSB, announced 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.

The Bracewell team included Joshua T. McNulty (Picture), Don J. Lonczak, Scott C. Sanders, Rebecca L. Baker, Timothy A. Wilkins, Jason M. Jean, Will Anderson, Troy L. Harder, Kate Barrington McGregor, Kathy Witty Medford, Michael A. Recchia and Caroline E. Ellis.

The Nelson Mullins’ team was led by partners Maurice Holloway, Ann Murray, Brennan Ryan, and of counsels Aileen Nagy and John Willis. 

Involved fees earner: William Anderson – Bracewell LLP; Rebecca Baker – Bracewell LLP; Kate Barrington – Bracewell LLP; Caroline Ellis – Bracewell LLP; Troy Harder – Bracewell LLP; Jason Jean – Bracewell LLP; Don Lonczak – Bracewell LLP; Joshua McNulty – Bracewell LLP; Kathy Witty Medford – Bracewell LLP; Michael Recchia – Bracewell LLP; Scott Sanders – Bracewell LLP; Timothy Wilkins – Bracewell LLP; Maurice Holloway – Nelson Mullins Riley & Scarborough LLP; Ann Murray – Nelson Mullins Riley & Scarborough LLP; Aileen Nagy – Nelson Mullins Riley & Scarborough LLP; Brennan Ryan – Nelson Mullins Riley & Scarborough LLP; John Willis – Nelson Mullins Riley & Scarborough LLP;

Law Firms: Bracewell LLP; Nelson Mullins Riley & Scarborough LLP;

Clients: FirstSun Capital Bancorp; Pioneer Bank;

Author: Martina Bellini