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

Security Federal in Aiken, S.C., and BancPlus in Ridgeland, Miss., are the latest banking companies to participate in the Treasury Department’s Emergency Capital Investment Program (ECIP). The $1.3 billion-asset Security Federal disclosed in a regulatory filing Wednesday that it received about $82.9 million in Tier 1 capital after selling preferred stock to the Treasury Department. The company agreed to adopt an excessive or luxury expenditures policy within the next 90 days to

Mission National Bank in San Francisco has a new CEO. MNB Holdings, the parent company of the $214 million-asset Missional National, said in a press release Tuesday that Ray Skinner had also joined the bank’s board. Skinner succeeded Robert Sweeney."We are creating a leadership team with a proven record of success in a bank that is unlike any other community bank in the Bay Area,” JoAnne Loughlin, MNB’s chairman, said in the

American Bank Holding in Corpus Christi, Texas, has agreed to buy TexStar National Bank in Universal City, Texas. The $2.1 billion-asset American said in a press release that it expects to complete the purchase of the $458 million-asset TexStar in the TKTK quarter.TexStar has six branches, $209.7 million of loans and $407.1 million of deposits around San Antonio.The acquisition "is entirely consistent with American Bank's growth strategy and long-term strategic plan,

Custodia Bank has filed a lawsuit against the Federal Reserve Board and the Kansas City Fed in an effort to have its application for a master account approved.Custodia, which acts as a custodian for digital assets, filed its lawsuit on Jane 7 in the U.S. District Court of Wyoming. The company, formerly known as Avanti Bank, claims that the Fed has “unlawfully” delayed a decision for 19 months despite a

Broadway Financial in Los Angeles has sold $150 million of preferred stock to the Treasury Department as part of the Emergency Capital Investment Program. The $1.1 billion-asset Broadway disclosed in a regulatory filing Wednesday that it sold 150,000 shares to the Treasury a day earlier for the cash investment. The investment will more than double the company's Tier 1 capital. Broadway said it plans to use the net proceeds from the private

Atlantic Union Bankshares in Richmond, Va., has agreed to sell its stake in a Roanoke, Va., investment advisory firm.The $19.8 billion-asset company disclosed in a regulatory filing Wednesday that it plans to transfer its ownership interest in Dixon, Hubard, Feinour & Brown to Cary Street Partners Financial. Atlantic will receive a minority ownership interest in Cary Street in exchange. The deal is expected to close on June 30.

Lucid Group in Newark, Calif., has reached a deal with Bank of America where the Charlotte, N.C., banking company will provide financing options for the electric automaker’s newly formed Lucid Financial Services unit.Lucid said in a press release Tuesday that it is offering lease and loan purchase options through a new digital platform. "Lucid Air customers have requested flexible financing options, including lease and loan purchase, with many of them preferring