---
title: "FirstSun appoints Spencer T. Cohn and five former First Foundation directors including Thomas C. Shafer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281410980.md"
description: "FirstSun has appointed Spencer T. Cohn as a Class I director and five former First Foundation directors, including Thomas C. Shafer as Executive Vice Chairman, effective April 1, 2026. This change is part of a merger-related appointment, with Cohn filling a vacancy and Shafer assuming an Employment Agreement from First Foundation. The appointments include various roles on committees, with Shafer receiving a restricted stock award valued at $250,000, vesting upon the merger's closing."
datetime: "2026-04-01T18:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281410980.md)
  - [en](https://longbridge.com/en/news/281410980.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281410980.md)
generator: "portal-rs"
---

# FirstSun appoints Spencer T. Cohn and five former First Foundation directors including Thomas C. Shafer

**FirstSun appointed Spencer T. Cohn as a Class I director and added five former First Foundation directors, including Thomas C. Shafer as Executive Vice Chairman, effective at the Merger Effective Time on April 1, 2026.**

Individual

Spencer T. Cohn

Sam Edelson

Henchy R. Enden

Benjamin Mackovak

C. Allen Parker

Thomas C. Shafer

Isabella Cunningham

Diane L. Merdian

Mollie H. Carter

Role

Class I Director; member, Compensation and Succession Committee

Director

Director

Director

Director

Director; Executive Vice Chairman

Class I Director (resigned)

Class III Director (resigned)

Executive Chairman

Type of Change

Appointed

Appointed

Appointed

Appointed

Appointed

Appointed

Resigned

Resigned

Granted restricted stock award

Effective Date

April 1, 2026

April 1, 2026

April 1, 2026

April 1, 2026

April 1, 2026

April 1, 2026

April 1, 2026

April 1, 2026

March 31, 2026 (grant); vests at Merger closing

Reason

Designation by Castle Creek under Board Representative Letter Agreement

Merger-related appointment (Legacy First Foundation Director)

Merger-related appointment (Legacy First Foundation Director)

Merger-related appointment (Legacy First Foundation Director)

Merger-related appointment (Legacy First Foundation Director)

Merger-related appointment; assumed Employment Agreement from First Foundation

Resignation effective at Merger Effective Time

Resignation effective at Merger Effective Time

In recognition of leadership supporting the Merger

Replacement Info

Filled vacancy created by Isabella Cunningham

Not disclosed

Not disclosed

Not disclosed

Not disclosed

Not applicable

Replaced by Spencer T. Cohn (Class I seat)

Not disclosed

Not applicable

Background Details

Selected by Castle Creek; no other arrangements; not party to Item 404 transactions

Appointed pursuant to Canyon designation

Appointed pursuant to Fortress designation

Legacy First Foundation director

Legacy First Foundation director

Former CEO of First Foundation and First Foundation Bank; Employment Agreement term Feb 11, 2025–Mar 15, 2028; base salary $1,090,000; incentive opportunity up to 150% of base; eligible for benefits; severance provisions described

N/A

N/A

Received restricted stock award with grant date fair value $250,000; vests in full on closing of the Merger

Board/Committee Role Changes

Member, Compensation and Succession Committee

Audit; Trust and Fiduciary (bank-level)

Nominating and Governance

Compensation and Succession; Risk

Audit; Risk

Not disclosed for committees here; appointed Executive Vice Chairman

Not disclosed

Not disclosed

Not disclosed

Original SEC Filing: FIRSTSUN CAPITAL BANCORP \[ FSUN \] - 8-K - Apr. 01, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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- [FSUN: Q2 2026 saw strong adjusted earnings and capital, driven by the First Foundation merger and cost saves](https://longbridge.com/en/news/293979921.md)
- [FirstSun Capital Bancorp Reports Second Quarter 2026 Results and Board of Directors Authorizes $150 Million Share Repurchase Program | FSUN Stock News](https://longbridge.com/en/news/293976854.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**