CrossFirst Bankshares Names Ben Clouse as Chief Financial Officer
June 21 2021 - 4:05PM
Business Wire
Former Waddell & Reed Executive Joins
CrossFirst Leadership Team
CrossFirst Bankshares, Inc. (NASDAQ: CFB), announced today that
it has named Ben Clouse as Chief Financial Officer. In the CFO
role, Mr. Clouse will lead the financial organization and be
responsible for overall long-range financial planning and reporting
as well as support execution of the bank’s growth strategy.
“After conducting a thorough nationwide search, we are pleased
to have found the ideal CFO candidate right here in Kansas City,”
said President & CEO of CrossFirst Mike Maddox. “Ben has deep
and extensive experience in leading financial operations as well as
driving operational change, including as the Chief Financial
Officer of a publicly-traded company. He will be a key part of our
executive leadership team and I know will be instrumental in
helping us to continue to grow strategically as well as meet the
evolving and changing needs of our clients.”
Prior to joining CrossFirst, Mr. Clouse was CFO of Waddell &
Reed, Financial, Inc. (Waddell). Waddell was the holding company
for one of the oldest mutual fund companies in the United States
(Ivy Funds) and a nationwide broker-dealer and investment advisor
(Waddell & Reed Financial Advisors). As CFO, Mr. Clouse was a
member of the executive leadership team leading accounting, data
analytics, financial planning and analysis, investor relations,
procurement, tax, and treasury.
“I am incredibly excited about the opportunity to join the
CrossFirst team at such an exciting and important time, both for
the company and the industry,” said Clouse. “The pace of change in
banking stands to only continue to increase, and I believe that the
entrepreneurial spirit that is one of the hallmarks of CrossFirst
positions us incredibly well going forward as we continue to deepen
our presence in existing markets and look at new opportunities on
the horizon.”
Mr. Clouse began his career in the audit practice of Deloitte
and has held successive roles of increasing responsibility across
multiple financial disciplines in a variety of industries including
financial services, banking, consumer retail and digital tax
preparation and transportation. Mr. Clouse obtained a business
degree and a Master of Accountancy from Kansas State University and
has been previously licensed as a Certified Public Accountant and
previously designated as a Financial Industry Regulatory Authority
(FINRA) Series 27 Financial and Operations Principal license
holder.
Mr. Clouse succeeds David O’Toole as CFO, who announced his
retirement from CrossFirst earlier this year. Mr. O’Toole will
remain in his role as Chief Investment Officer while supporting an
orderly transition.
“I again want to thank David O’Toole 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 going
forward.”
Mr. Clouse begins his role as CFO effective July 12, 2021.
Cautionary Statement Regarding Forward Looking
Statements
This press release contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about CrossFirst
Bankshares, Inc.’s beliefs and expectations, 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 sufficiency
of our allowance; (ii) capital and credit market volatility, (iii)
local and global business and economic conditions, (iv) our
anticipated growth strategies, (v) changes in the laws, rules,
regulations, interpretations or policies relating to financial
institutions, accounting, tax, trade, monetary and fiscal matters,
including the policies of the Federal Reserve and as a result of
initiatives of the current administration and (vi) our future
business development, results of operations and financial
condition. In some cases, forward-looking statements can be
identified by words or phrases 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 undertakes
no duty to update such information, except as required under
applicable law.
About CrossFirst Bankshares
CrossFirst Bankshares, Inc. (Nasdaq: CFB) is a Kansas
corporation and a registered bank holding company for its wholly
owned subsidiary CrossFirst Bank, which is headquartered in
Leawood, Kansas. CrossFirst is a full-service bank that offers a
suite of products and services to businesses, professionals,
individuals and families. CrossFirst is comprised of an experienced
team of bankers united around a single purpose of serving people in
extraordinary ways. For more information on CrossFirst Bankshares,
visit
https://investors.crossfirstbankshares.com/investor-relations.
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version on businesswire.com: https://www.businesswire.com/news/home/20210621005734/en/
Media Contact Meggin Nilssen CrossFirst Bank 816.895.4604
meggin.nilssen@crossfirstbank.com
Investor Relations Matt Needham CrossFirst Bankshares,
Inc. 913.312.6822 matt@crossfirst.com
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