Bank Promotes New Leader from Within
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc.
(NASDAQ: CFB), announced today the promotion of Randy Rapp to
President of the Bank, effective July 1, 2022. Mr. Rapp most
recently served as Chief Risk Officer and Chief Credit Officer.
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CrossFirst Bank Promotes Randy Rapp to
President. In his new role as President of CrossFirst Bank, Mr.
Rapp will oversee the credit and risk management, sales and
business development, technology and infrastructure, and
operational business lines of the Bank. (Photo: Business Wire)
In his new role as President of CrossFirst Bank, Mr. Rapp will
oversee the credit and risk management, sales and business
development, technology and infrastructure, and operational
business lines of the Bank. He will continue to report to Mike
Maddox, CEO of CrossFirst Bank and President and CEO of CrossFirst
Bankshares, Inc.
“The promotion of Randy reflects the careful thought of our
Board of Directors regarding the future leadership of our company
as we position the Bank for future growth,” said Maddox. “It’s our
strategy to recruit and retain the best talent and prepare them for
success. Since joining CrossFirst in 2019, Randy has made
significant contributions to our credit practices leading to
improvements in the quality of our loan portfolio and financial
performance. Randy has extensive experience in the financial
services industry, and I am confident in his leadership abilities
to accelerate our company forward.”
Mr. Rapp has more than thirty years of commercial banking
experience. Prior to joining CrossFirst, Mr. Rapp served as Chief
Credit Officer for Texas Capital Bankshares, Inc. Over the course
of his career, Mr. Rapp has held roles of commercial relationship
manager, credit approval officer, and Chief Credit Officer for
several public banks in the North Texas area.
“I am honored to work alongside a talented group of
extraordinary bankers and look forward to the expanded
responsibilities of this role,” said Rapp. “Our continued ability
to remain keenly focused on our core business model while
contributing to the success of our employees, clients, and
communities, continues to make CrossFirst Bank a world class
organization.”
Mr. Rapp holds a Bachelors of Business Administration in
Accounting from the University of Texas at Austin and Masters of
Business Administration in Finance from Texas Christian. He is also
a licensed Certified Public Accountant. Mr. Rapp is actively
involved in the community having served as President of the Tarrant
County Bankers Association, President of the Fort Worth Longhorn
Club, Chair of the Board of University Christian Church, Chair of
the Community Initiative and Core Allocations Committee of the
Metropolitan Tarrant County United Way, and as the founding Chair
of the McCombs School of Business Parents Council at the University
of Texas.
“Given the Bank’s growth over the last 15 years, the Board and I
are committed to scaling our organization with experienced
executives who support and execute on our strategic initiatives.
The promotion of Randy highlights that goal, as well as our
responsibilities for succession planning at all levels within our
organization,” said Maddox. “By separating the Bank’s President and
CEO positions, this promotion will also allow me to focus on our
company’s long-term vision to achieve strategic and sustainable
growth and address the unique opportunities and challenges of a
rapidly-evolving banking landscape.”
About CrossFirst Bank CrossFirst Bank, headquartered in
Leawood, Kansas, is a subsidiary of CrossFirst Bankshares, Inc.
(Nasdaq: CFB), a Kansas corporation and a registered bank holding
company. CrossFirst Bank has nine full-service banking offices in
Kansas, Missouri, Oklahoma, Arizona, and Texas. For more
information on CrossFirst Bank, visit www.crossfirstbank.com.
Forward-Looking Statements All statements in this press
release that do not directly and exclusively relate to historical
facts constitute forward-looking statements. These forward-looking
statements are based on the current beliefs, expectations and
assumptions of CrossFirst’s management with respect to future
events and are subject to a number of significant risks and
uncertainties. It is important to note that CrossFirst’s
performance, and actual results, financial condition or business
could differ materially from those expressed in such
forward-looking statements. The words “future,” “position,”
“opportunities” or the negative of these words, variations thereof
or other similar words and expressions are intended to identify
forward-looking statements. For example, these forward-looking
statements include, but are not limited to, statements regarding
changes to our leadership team, our future financial performance,
business strategy and plans, market growth, and our objectives for
future operations. Factors that could cause or contribute to such
differences include, but are not limited to, the following: risks
associated with the current outbreak of the novel coronavirus, or
COVID-19; our ability to effectively execute our expansion strategy
and manage our growth, including identifying and consummating
suitable mergers and acquisitions and integrating merged and
acquired companies; business and economic conditions, particularly
those affecting our market areas in Kansas, Missouri, Oklahoma,
Texas and Arizona, including a decrease in or the volatility of oil
and gas prices or agricultural commodity prices within the region;
concentrations of loans secured by real estate and energy located
in our market areas; risks associated with our commercial loan
portfolio, including the risk for deterioration in value of the
general business assets that secure such loans; borrower and
depositor concentration risks; our ability to maintain our
reputation; our ability to successfully manage our credit risk and
the sufficiency of our allowance; our ability to attract, hire and
retain qualified management personnel; our dependence on our
management team, including our ability to retain executive officers
and key employees and their customer and community relationships;
competition from banks, credit unions and other financial services
providers; compliance with governmental and regulatory
requirements. Additional discussion of these and other risks,
uncertainties and factors affecting CrossFirst’s business is
contained in CrossFirst’s filings with the Securities and Exchange
Commission (the “SEC”), including in CrossFirst’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2021, its
Quarterly Reports on Form 10-Q for the periods ended March 31,
2022, and its other filings with the SEC. The reader should not
place undue reliance on forward-looking statements, since the
statements speak only as of the date that they are made. Except as
required by law, CrossFirst undertakes no obligation to update or
revise forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220608005408/en/
Media Contact Meggin Nilssen | CrossFirst Bank
913-302-1915 | meggin.nilssen@crossfirstbank.com Investor
Contact Heather Worley | CrossFirst Bankshares, Inc.
214-676-4666 | heather@crossfirst.com
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