CrossFirst Bankshares Plans $114 Million IPO for August 15th (CFB)

CrossFirst Bankshares (CFB) plans to raise $114 million in an IPO on Thursday, August 15th, IPO Scoop reports. The company will be issuing 7,100,000 shares at $15.00-$17.00 per share.

In the last 12 months, CrossFirst Bankshares generated $19.4 million in revenue and $30.8 million in net income. CrossFirst Bankshares has a market cap of $817.9 million.

Keefe, Bruyette & Woods (A Stifel Company), RAYMOND JAMES and Stephens acted as the underwriters for the IPO and Sandler O’Neill + Partners was co-manager.

CrossFirst Bankshares provided the following description of their company for its IPO: ”  CrossFirst Bankshares, Inc., a Kansas corporation and registered bank holding company, is the holding company for CrossFirst Bank. The Company was initially formed as a limited liability company, CrossFirst Holdings, LLC, on September 1, 2008 to become the holding company for the Bank and converted to a corporation in 2017. The Bank was established as a Kansas state-chartered bank in 2007 and provides a full suite of financial services to businesses, business owners, professionals and their personal networks throughout our five primary markets located in Kansas, Missouri, Oklahoma and Texas. “.

CrossFirst Bankshares was founded in 2008 and has 360 employees. The company is located at 11440 Tomahawk Creek, Parkway, Leawood, KS 66211, US and can be reached via phone at (913) 312-6822 or on the web at http://www.crossfirstbank.com.

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