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Overview of CrossFirst Bankshares, Inc. (CFB)
CrossFirst Bankshares, Inc. (Nasdaq: CFB) is a Kansas-based bank holding company that operates through its wholly-owned subsidiary, CrossFirst Bank. Headquartered in Leawood, Kansas, the company delivers a comprehensive suite of banking and financial services tailored to meet the needs of businesses, professionals, and families. With a presence in key markets across Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado, and New Mexico, CrossFirst Bank has established itself as a trusted financial partner in the region.
Core Business and Revenue Model
CrossFirst Bank specializes in relationship-based banking, offering a range of products and services designed to support its clients' financial goals. Key offerings include:
- Checking and Savings Accounts: Flexible deposit solutions for individuals and businesses.
- Personal and Business Loans: Customized lending options to support personal and commercial growth.
- Treasury Services: Advanced cash management solutions for businesses.
- International Banking: Services to facilitate cross-border financial transactions.
The company generates revenue primarily through interest income on loans and marketable securities, as well as fees from banking services. This diversified revenue model ensures stability and adaptability in changing market conditions.
Market Position and Competitive Differentiation
Operating in the competitive regional banking sector, CrossFirst Bank differentiates itself through its commitment to exceptional customer service, a hallmark of its corporate philosophy. The bank combines the expertise of highly experienced banking professionals with technology-driven solutions to deliver a seamless and personalized banking experience. This approach has earned CrossFirst recognition as a trusted partner for its clients and a valuable contributor to the communities it serves.
Strategic Focus and Expansion
CrossFirst Bank strategically targets high-growth metropolitan markets, leveraging its localized expertise and relationship-driven model to build strong customer connections. Its operations are deeply rooted in community engagement, aiming to provide financial solutions that foster economic growth and stability.
In 2024, CrossFirst announced a strategic merger with First Busey Corporation, a move expected to enhance its market presence and operational scale. The combined entity will operate under the Busey brand, creating a premier full-service commercial bank with approximately $20 billion in total assets and a diversified client base across 10 states. This merger underscores CrossFirst's commitment to growth and delivering enhanced value to its stakeholders.
Commitment to Excellence
CrossFirst Bank is driven by a culture of extraordinary service and trust. Its team of dedicated professionals prioritizes building long-term relationships with clients, offering tailored financial solutions to meet their unique needs. This client-centric approach has been instrumental in fostering loyalty and driving sustainable growth.
Challenges and Opportunities
Like many regional banks, CrossFirst faces challenges such as regulatory compliance, interest rate volatility, and competition from larger financial institutions and fintech companies. However, its focus on personalized service, strategic market positioning, and technological innovation positions it well to navigate these challenges and capitalize on growth opportunities in its target markets.
Conclusion
CrossFirst Bankshares, Inc. exemplifies the principles of community banking, combining personalized service with innovative solutions to meet the evolving needs of its clients. With a strong presence in high-growth markets and a commitment to excellence, the company is well-positioned to continue its legacy of delivering value to customers, communities, and shareholders.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) has released its financial results for Q1 2023, ending March 31, 2023. The bank, headquartered in Leawood, Kansas, operates as a full-service financial institution across several states including Kansas, Missouri, and Texas. The earnings report is available online, and a live event is scheduled for interested parties to discuss the results. Participants can join via telephone or stream the event live on the internet. For those unable to attend, a replay will be accessible shortly after the event. CrossFirst is focused on providing a range of financial services to businesses and individuals.
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. (NASDAQ: CFB), is expanding its operations into Fort Worth, Texas, after receiving regulatory approval for a full-service bank. The new branch will be located at 100 Throckmorton Street, with plans for opening led by Cody Kiser, the newly appointed Fort Worth Market President. Kiser, an experienced banker with 17 years in Tarrant County, aims to enhance service for local businesses and families. CrossFirst Bank has previously expanded its presence in several states, demonstrating a successful track record of growth.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) has announced a conference call to discuss its first quarter 2023 financial results scheduled for April 18, 2023, at 11:00 AM E.T. The results will be released after market hours on April 17, 2023. Interested participants can join by dialing (844) 481-2831 or via a live internet broadcast. A replay will be accessible two hours post-call and available for 90 days on CrossFirst's investor relations website. CrossFirst Bank is a full-service financial institution based in Leawood, Kansas, serving various regions including Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado, and New Mexico.
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. (NASDAQ: CFB), has announced several key leadership changes to enhance its operational efficiency and client service. Effective July 2022, Amy Fauss has been promoted to Chief Human Resources Officer, and Amy Abrams has been appointed General Counsel. JC Pfeister steps in as Chief Operating Officer, while Jenny Payne becomes Chief Risk Officer. Additionally, new promotions include Mike Daley as Chief Accounting Officer and Meggin Nilssen as Chief of Staff. The bank is focused on expanding its footprint across the Midwest and Southwest, following recent acquisitions in Colorado and New Mexico.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) reported its fourth quarter and full-year 2022 earnings on January 23, 2023. The financial results reflect the company’s operating performance, and the earnings report can be accessed via their investor relations page. A conference call to discuss these results is scheduled for January 24, 2023, at 10 a.m. CT. Investors can participate by phone or via a live internet broadcast. The company operates CrossFirst Bank across several states, providing various financial services to businesses and individuals.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) announced a conference call on January 24, 2023, at 11:00 AM E.T. to discuss its fourth quarter and full-year 2022 financial results. These results will be released after market close on January 23, 2023. Investors can join via telephone at (833) 630-1956 or +1 (412) 317-1837 for international callers. The event will also be available for streaming online. A replay can be accessed two hours post-call at (877) 344-7529 with the access code 6033374, and a webcast replay will be available for 90 days on the company’s website.
CrossFirst Bankshares Inc. (NASDAQ: CFB) has received regulatory approval from the Federal Deposit Insurance Corporation to acquire Central Bancorp, Inc.'s subsidiary, Farmers & Stockmens Bank. With this merger, CrossFirst aims to enhance its growth trajectory and broaden its regional outreach in Colorado and New Mexico. The merger is expected to finalize on November 22, 2022, pending usual closing conditions. The integration will allow both banks to continue operations under their respective names until the merger is fully completed in early 2023, ensuring clients face no immediate service changes.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) reported its third quarter earnings for the period ending September 30, 2022. The results are set to be discussed in a conference call on October 18, 2022, at 10 a.m. CT. Investors can access the call via phone or through a live webcast. The company operates CrossFirst Bank, which has nine locations across Kansas, Missouri, Oklahoma, Texas, and Arizona. More details can be found on their investor relations page.
CrossFirst Bankshares, Inc. (NASDAQ: CFB) will host a conference call on October 18, 2022, at 11:00 AM E.T. to discuss its third quarter financial results. The results will be announced after the market closes on October 17, 2022. Interested parties can join the call by dialing (833) 630-1956 or accessing the live webcast via the provided link. A replay will be available shortly after the call ends and can be accessed for up to 90 days. CrossFirst operates nine banking locations across Kansas, Missouri, Oklahoma, Texas, and Arizona.
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. (NASDAQ: CFB), published its 2021 Impact Report, detailing its commitment to sustainable growth and positive community impact. CEO Mike Maddox emphasized the bank's ongoing adjustments to enhance business practices and resources. The report builds on the previous year, focusing on benchmarks related to ESG, diversity, inclusion, employee satisfaction, and philanthropy, showcasing the bank's efforts in making a difference in the lives of employees and shareholders.
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