CrossFirst Bankshares, Inc. Announces Bond Portfolio Repositioning

December 19, 2023

https://www.globenewswire.com/news-release/2023/12/19/2798401/0/en/CrossFirst-Bankshares-Inc-Announces-Bond-Portfolio-Repositioning.html

LEAWOOD, Kan., Dec. 19, 2023 (GLOBE NEWSWIRE) — (Nasdaq:CFB) — CrossFirst Bankshares, Inc. (the “Company”), the bank holding company for CrossFirst Bank (the “Bank”) announced the sale of approximately $80 million of available-for-sale municipal securities, resulting in an after-tax loss of approximately $0.8 million.   Proceeds from the sale will be deployed into higher-yielding agency mortgage-backed products, as well as used to pay off existing wholesale borrowings.

Read more at globenewswire.com

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