Rapp will oversee credit and risk
management, sales and business development, technology and infrastructure and
the bank’s operational business lines. He will succeed Mike Maddox, who will
remain the company’s president and CEO and the bank’s CEO.
The promotion “reflects the careful
thought of our board … regarding the future leadership of our company as we
position the Bank for future growth,” Maddox said in the release.
“It’s our strategy to recruit and
retain the best talent and prepare them for success,” Maddox added. “Since
joining CrossFirst in 2019, Randy has made significant contributions to our
credit practices leading to improvements in the quality of our loan portfolio and financial
performance.”
Rapp was chief credit officer for Texas
Capital Bankshares before he joined CrossFirst.
“Separating the bank’s president
and CEO positions … will also allow me to focus on our company’s long-term
vision to achieve strategic and sustainable growth and address the unique
opportunities and challenges of a rapidly evolving banking landscape,” Maddox said.
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