LEAWOOD, Kan. – (BUSINESS WIRE) – June 21, 2021–

CrossFirst Bankshares, Inc. (NASDAQ: CFB), today announced the appointment of Ben Clouse as Chief Financial Officer. In the role of CFO, Mr. Clouse will lead the finance organization and be responsible for long-term financial planning and reporting, as well as supporting the execution of the bank’s growth strategy.

“After conducting extensive national research, we are delighted to have found the ideal CFO candidate right here in Kansas City,” said Mike Maddox, President and CEO of CrossFirst. “Ben has extensive and deep experience leading financial operations as well as leading operational change, including as CFO of a publicly traded company. He will be a key part of our leadership team and I know he will help us continue our strategic growth and meet the evolving and changing needs of our clients.

Prior to joining CrossFirst, Mr. Clouse was Chief Financial Officer of Waddell & Reed, Financial, Inc. (Waddell). Waddell was the holding company of one of the oldest mutual fund companies in the United States (Ivy Funds) and a nationwide investment dealer and advisor (Waddell & Reed Financial Advisors). As CFO, Mr. Clouse was a member of the management team responsible for accounting, data analysis, financial planning and analysis, investor relations, procurement , taxation and treasury.

“I am incredibly excited about the opportunity to join the CrossFirst team at such an exciting and important time for both the company and the industry,” said Clouse. “The pace of change in the banking industry will only continue to increase, and I think the entrepreneurial spirit that is a hallmark of CrossFirst positions us incredibly well to move forward as we continue to. deepen our presence in existing markets and seek new opportunities. on the horizon. “

Mr. Clouse began his career within the audit practice of Deloitte and has held successive positions of increasing responsibility in several financial disciplines in various industries including financial services, banking, retail and preparation and the transport of digital tax returns. Mr. Clouse graduated from Kansas State University with a Bachelor of Commerce and Masters of Accounting from Kansas State University and previously held a Chartered Public Accountant’s license and a Series 27 major license from the Financial Sector Regulatory Authority (FINRA).

Mr. Clouse succeeds David O’Toole as CFO, who announced his retirement from CrossFirst earlier this year. Mr. O’Toole will retain his role as Chief Investment Officer while supporting an orderly transition.

“I would like to thank David O’Toole again for his service to CrossFirst and our clients over the past 15 years,” added Mike Maddox. “We will continue to benefit from David’s leadership and experience as a strategic advisor to the company in the future. “

Mr. Clouse takes up his role as CFO on July 12, 2021.

Caution regarding forward-looking statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical fact, including statements about the opinions and expectations of CrossFirst Bankshares, Inc., are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to: (i) our ability to successfully manage our credit risk and the adequacy of our allowance; (ii) volatility in capital and credit markets, (iii) local and global business and economic conditions, (iv) our expected growth strategies, (v) changes in laws, rules, regulations, interpretations or policies relating to financial institutions, accounting, fiscal, commercial, monetary and fiscal matters, including Federal Reserve policies and following initiatives of the current administration and (vi) our future business development, our results operations and our financial condition. In some cases, forward-looking statements may be identified by words or expressions such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, ” intend ”,“ ”plan”, “believe”, “potential”, “continue”, “is / are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and CrossFirst does not undertake to update such information, except as required by applicable law.

About CrossFirst Bankshares

CrossFirst Bankshares, Inc. (Nasdaq: CFB) is a Kansas corporation and a registered banking holding company for its wholly owned subsidiary CrossFirst Bank, headquartered in Leawood, Kansas. CrossFirst is a full-service bank that offers a range of products and services to businesses, professionals, individuals and families. CrossFirst is made up of an experienced team of bankers united around a single goal of serving people in extraordinary ways. For more information on CrossFirst Bankshares, visit https://investors.crossfirstbankshares.com/investor-relations.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210621005734/en/

CONTACT: Media contact

Meggin Nilssen

CrossFirst Bank

816.895.4604

[email protected] Investor Relations

Matt Needham

CrossFirst Bankshares, Inc.

913.312.6822

[email protected]

KEYWORD: KANSAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES

SOURCE: CrossFirst Bankshares, Inc.

Copyright Business Wire 2021.

PUB: 06/21/2021 4:05 PM / DISC: 06/21/2021 4:06 PM

http://www.businesswire.com/news/home/20210621005734/en

Copyright Business Wire 2021.



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