CrossFirst Bankshares in Leawood, Kan., will enter Phoenix after hiring a former CIT Group banker.
The $6 billion-asset company said in a press release Monday that it Kevin Halloran will become its Phoenix market president.
“We believe Phoenix is a great opportunity given the region’s favorable demographics, strong population, and business growth,” Mike Maddox, CrossFirst’s president and CEO, said in the release.
“As an entrepreneurial bank, we are excited about the opportunity to work with businesses and professionals in Phoenix and Maricopa County and to support the region’s rapid growth,” Maddox added. “We are fortunate to have identified a local leader … who brings decades of banking and financial services experience as well as deep Arizona connections to the role.”
Halloran will be responsible for opening CrossFirst’s bank location in Phoenix and recruiting a team of bankers. He recently served as Arizona market president for CIT. Before that, Halloran was state president for Mutual of Omaha Bank, which CIT bought in January.
Halloran is on the advisory board for Arizona Multi-Bank, a division of Clearinghouse CDFI.