Pomerantz probes FirstSun fraud
Analysis based on 13 articles · First reported Jul 17, 2026 · Last updated Jul 28, 2026
FirstSun's stock price dropped 7.5% following the disclosure, reflecting investor concern over credit losses and potential fraud. The investigation may lead to further volatility and legal costs.
Pomerantz LLP is investigating potential securities fraud by FirstSun Capital Bancorp (Nasdaq: FSUN) after the company disclosed on July 9, 2026, that it expects charge-offs in the high 50s basis points and projected a $40-41 million provision for credit losses and $42-43 million in charge-offs, including a $22 million charge-off tied to a suspected-fraud loan. The stock fell 7.5% on the news. The investigation concerns whether FirstSun and certain officers/directors engaged in securities fraud or unlawful business practices.
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