CrossFirst Bankshares in Leawood, Kan., will soon have a new bank president.
The $5.5 billion-asset company said in a press release Wednesday that Randy Rapp will take over the role on July 1. Rapp is the bank’s chief risk officer and chief credit officer.
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.