Business

April 10, 2013

CrossFirst raises nearly $22 million in latest capital offering

CrossFirst Holdings, the parent of Leawood-based CrossFirst Bank, said Wednesday that it has completed a fifth capital raise, netting $21.9 million in new capital.

CrossFirst Holdings, the parent of Leawood-based CrossFirst Bank, said Wednesday that it has completed a fifth capital raise, netting $21.9 million in new capital.

The offering was completed March 31 and brings its total invested capital to $71 million since 2007.

CrossFirst has more than 500 investors primarily in Kansas and Oklahoma, many of whom have invested more than once, the company said.

“We are fortunate to have an outstanding group of individuals who continue to invest in CrossFirst and serve as a referral source for other private investors in our area,” Ron Baldwin, the company’s chairman, president and chief executive, said in a news release.

The company’s $600 million bank operates in the Kansas City area, Wichita and Oklahoma City.

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