CrossFirst Bankshares Chief Financial Officer and Chief Investment Officer Plans to Retire After 15 Years
March 15 2021 - 8:18AM
Business Wire
David O’Toole to stay on as CFO through
transition to successor but remain the CIO through December 2022.
He will also remain a member of the Board until his term ends in
May 2022.
CrossFirst Bankshares, Inc. (NASDAQ: CFB), a $6 Billion
commercial bank based in Leawood, with eight offices in Missouri,
Kansas, Oklahoma, and Texas announced today that David L. O’Toole,
70, Chief Financial Officer, Chief Investment Officer and a
founding shareholder/board member, has announced his plan to retire
from CrossFirst after nearly 15 years of service. Mr. O’Toole has
served in his current roles for his entire time with the
Company.
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David O'Toole, CrossFirst Bankshares,
Inc. (Photo: Business Wire)
“Since the earliest days of CrossFirst, our clients and our
company have benefited greatly from the wisdom, leadership and
financial acumen of Dave in the roles of CFO and Chief Investment
Officer,” said President & CEO of CrossFirst Bankshares, Inc.,
Mike Maddox. “Dave has been an instrumental part of our growth over
the past 15 years.”
Mr. O’Toole will continue serving as CFO until the Company
identifies a successor. Once a new Chief Financial Officer is
identified, Mr. O’Toole will step down from this role and continue
as Chief Investment Officer through the end of 2022. He will also
remain a member of the Board of Directors for the remainder of his
Board term that ends in May 2022.
"Helping CrossFirst grow to a $6 billion regional bank and
become a NASDAQ listed public company has been an incredible
professional experience for me. My business instincts have always
been reasonably accurate, so it feels like this is the right time
to step aside and let a new person assume the CFO duties,” said
O’Toole. “As banking continues its rapid change, I will remain a
resource for the management team in a limited role but am looking
forward to some travel with my wife Lisa and quality time with
friends and family."
Prior to helping found CrossFirst, Mr. O’Toole was a co-founder
of a bank consulting and accounting firm that grew in national
prominence and served more than 500 financial institutions. He was
Managing Partner of the company for approximately ten years and led
the firm’s M&A practice where he was involved with nearly 100
bank purchase or sale transactions.
Mr. O’Toole graduated from Fort Hays State University and is a
former member of the Kansas City Chapter of the Association for
Corporate Growth and The Executive Committee KC. He has served on
numerous boards of directors of banks and private companies,
including the Continental Airlines, Inc. travel agency advisory
board. In addition to his board responsibilities at CrossFirst
Bankshares and CrossFirst Bank, Mr. O’Toole serves on the board of
The Ali Kemp Educational (T.A.K.E.) Foundation.
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 eight full-service banking offices primarily along the I-35
corridor in Kansas, Missouri, Oklahoma and Texas. For more
information on CrossFirst Bank, visit www.crossfirstbank.com.
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Media Contact Meggin Nilssen CrossFirst Bank 816.895.4604
meggin.nilssen@crossfirstbank.com
Investor Relations Matt Needham CrossFirst Bankshares,
Inc. 913.312.6822 matt@crossfirst.com
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