The scrutiny follows a disclosure from FirstSun on July 9, 2026, regarding a substantial provision for credit losses between $40 million and $41 million. The company further reported projected charge-offs totaling up to $43 million, a figure that includes a $22 million loss linked to a suspected fraudulent loan. Investors reacted immediately, driving the bank's stock down 7.5% to $35.08 per share by the close of trading on July 10.

Pomerantz LLP, a firm specializing in securities class litigation, is now soliciting contact from affected shareholders to determine the scope of potential misconduct. The investigation aims to clarify whether officers or directors breached fiduciary duties or withheld material information from the market. Interested parties are directed to contact Danielle Peyton at the firm’s offices to discuss participation in the potential class action.