CrossFirst Bank Expands Restaurant Finance Group

Rhea-AI Summary

CrossFirst Bank, a subsidiary of CrossFirst Bankshares (NASDAQ: CFB), has expanded its restaurant finance group by hiring industry veteran Bobby Oliver as Executive Director. This move aims to strengthen relationships with high-growth restaurant chains, leveraging Oliver's extensive experience. He will oversee customized banking solutions including financing and international services. This development reflects the bank's commitment to supporting the franchise and restaurant sector since its inception in 2007, as stated by CEO Mike Maddox.

Positive

• Appointment of Bobby Oliver as Executive Director to enhance the restaurant finance group.
• Focus on providing customized banking solutions for established and high-growth restaurant chains.

Negative

• None.

Bank hires restaurant finance industry veteran Bobby Oliver to lead efforts

LEAWOOD, Kan.--(BUSINESS WIRE)-- CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. (NASDAQ: CFB), announced today that it will expand its restaurant finance group that will focus on building trusted relationships with established and high-growth restaurant chains. The Bank hired Bobby Oliver to lead the restaurant finance group as Executive Director, Restaurant Finance Group.

Bobby Oliver, Executive Director, Restaurant Finance Group | Cell: 770-540-9733 | Email: Bobby.Oliver@CrossFirstBank.com (Photo: Business Wire)

“CrossFirst has served the franchise and restaurant community since the Bank was founded in 2007 and the build out of a dedicated restaurant finance group is a natural expansion of our expertise,” said President & CEO Mike Maddox. “We are excited to extend our capabilities and top talent to clients through a dedicated group led by experienced banker Bobby Oliver.”

As Executive Director, Oliver will develop and implement strategies to provide established and high-growth restaurant chains customized banking solutions, including financing, treasury, commercial cards, merchant processing, and international banking services. Oliver, located in Atlanta, Georgia, will report to Steve Peterson, Chief Banking Officer at CrossFirst Bank.

“Bobby has profound knowledge in restaurant finance and will play a significant role as we continue to grow our restaurant finance vertical,” said Peterson. “His industry expertise will guide the bank’s strategy and growth as we further expand our focus on the restaurant industry.”

With over three decades of experience in the financial services industry, Oliver has extensive knowledge growing specialized industry groups. Prior to joining CrossFirst Bank, Oliver held positions with Pinnacle Financial Partners, Cadence Bank, and Bank of America where he managed teams in the franchise, healthcare, and commercial banking sectors.

“I am excited to join CrossFirst Bank to expand the restaurant finance line of business,” said Oliver. “I look forward to leveraging my expertise to provide franchisors, franchisees, company-owned chains and private equity sponsors an extraordinary level of banking service.”

Oliver earned his Bachelor of Business Administration in Finance, Master of Business Administration and Juris Doctor from Georgia State University. He is a member of the State Bar of Georgia.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220322005540/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

Source: CrossFirst Bank

FAQ

What is the significance of Bobby Oliver's appointment at CrossFirst Bank (CFB)?

Bobby Oliver's appointment as Executive Director aims to enhance CrossFirst Bank's restaurant finance group, focusing on building relationships with high-growth restaurant chains.

How will CrossFirst Bank (CFB) support the restaurant industry?

CrossFirst Bank plans to offer customized banking solutions such as financing, treasury services, and merchant processing, targeting established and high-growth restaurant chains.

When did CrossFirst Bank announce the expansion of its restaurant finance group?

CrossFirst Bank announced the expansion of its restaurant finance group on a recent date, though the exact date isn't specified in the press release.

What experience does Bobby Oliver bring to CrossFirst Bank (CFB)?

Bobby Oliver brings over three decades of experience in the financial services industry, including previous roles at Pinnacle Financial Partners, Cadence Bank, and Bank of America.

What services will the new restaurant finance group at CrossFirst Bank (CFB) provide?

The new restaurant finance group will provide services such as financing, treasury, commercial cards, merchant processing, and international banking solutions.