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CrossFirst hires longtime Dallas banker to steer development in Texas

CrossFirst Bankshares in Leawood, Kansas, has employed David Felan, a 25-year banker primarily based in Dallas, to steer its growth there as Texas regional president.

Felan has spent his total banking profession within the Dallas market, most not too long ago at Texas Capital Bancshares, the place he was an government vp and relationship supervisor within the $36.4 billion-asset firm’s Dallas company banking group.

“Any time you’ll be able to appeal to an skilled banking government like David Felan, it’s a win to your firm, for our shoppers and for the communities we serve,” Mike Maddox, president and CEO of CrossFirst, mentioned in a press launch.

The $5.4 billion-asset CrossFirst entered the Dallas market in Might 2016 after hiring longtime banker George Jones, who served as Texas Capital’s CEO from 2008 to 2013, to supervise the growth mission. Jones later grew to become CrossFirst’s CEO from 2018 to 2020, when he was succeeded by Maddox.

CrossFirst opened its second Texas department in Frisco, a Dallas suburb, in 2020. The financial institution has expressed curiosity in bulking up in and round Dallas, Fort Value, Austin, Houston and San Antonio.

A CrossFirst spokesperson declined to reveal how a lot the financial institution’s Dallas-area places contribute to its total mortgage and deposit portfolios.

“I used to be instantly drawn to the staff and management already in place at CrossFirst, in addition to the unbelievable alternative forward of us in Texas,” Felan mentioned within the press launch. “CrossFirst’s dedication to sensible strategic development in addition to extraordinary shopper service provides us an amazing launching pad to proceed to construct our model within the Dallas-Fort Value Metroplex and throughout Texas.”

Quite a lot of out-of-state and Texas-based banks have introduced plans to enter or develop in Dallas in current months, drawn by town’s red-hot development. In January, the $7.7 billion-asset First Basis introduced it might move its headquarters to Dallas from Irvine, California. Moreover, the $31.7 billion-asset Cullen/Frost Bankers in San Antonio mentioned it might open 25 branches within the Dallas market by the tip of 2023.

Inhabitants within the Dallas-Fort Value metropolitan space rose 20% between 2010 to 2020, to 7.6 million, in keeping with the Census Bureau.

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