CrossFirst Bank announced today the promotion of Randy Rapp, a product of TCU’s business school, to president of the bank, effective July 1.
Rapp, who has a bachelor’s in accounting from the University of Texas and an MBA from TCU, most recently served as Chief Risk Officer and Chief Credit Officer.
In his new role as President of CrossFirst Bank, Rapp will oversee the credit and risk management, sales and business development, technology and infrastructure, and operational business lines of the Bank.
He will continue to report to Mike Maddox, CEO of CrossFirst Bank and President and CEO of CrossFirst Bankshares, Inc. CrossFirst Bank is a subsidiary of CrossFirst Bankshares, Inc. (NASDAQ: CFB).
Randy Rapp
“The promotion of Randy reflects the careful thought of our Board of Directors regarding the future leadership of our company as we position the bank for future growth,” says Maddox in a statement. “It’s our strategy to recruit and retain the best talent and prepare them for success. 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. Randy has extensive experience in the financial services industry, and I am confident in his leadership abilities to accelerate our company forward.”
CrossFirst is a Kansas-based bank with more than $5 billion in assets and operates across five states.
Rapp has more than 30 years of commercial banking experience. Before joining CrossFirst, Rapp served as chief credit officer for Texas Capital Bankshares, Inc. Over the course of his career, Rapp has held roles of commercial relationship manager, credit approval officer, and chief credit officer for several public banks in the North Texas area.
“I am honored to work alongside a talented group of extraordinary bankers and look forward to the expanded responsibilities of this role,” says Rapp. “Our continued ability to remain keenly focused on our core business model while contributing to the success of our employees, clients, and communities, continues to make CrossFirst Bank a world class organization.”
Rapp, a CPA, is actively involved in the community having served as president of the Tarrant County Bankers Association, president of the Fort Worth Longhorn Club, chairman of the board of University Christian Church, chair of the Community Initiative and Core Allocations Committee of the Metropolitan Tarrant County United Way, and as the founding chair of the McCombs School of Business Parents Council at the University of Texas.
“Given the Bank’s growth over the last 15 years, the Board and I are committed to scaling our organization with experienced executives who support and execute on our strategic initiatives. The promotion of Randy highlights that goal, as well as our responsibilities for succession planning at all levels within our organization,” says Maddox. “By separating the Bank’s president and CEO positions, this promotion 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.”