---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-23-000151"
form_type: "8-K"
ticker: null
cik: "0001458412"
company_name: "CROSSFIRST BANKSHARES, INC."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T07:45:41.746287+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CrossFirst Bankshares raises $7.75M via Series A Preferred Stock at 8% dividend

## Summary
- Sold $7.75M of Series A Non-Cumulative Perpetual Preferred Stock; $6.15M from directors and senior leadership.
- Preferred stock pays 8% annual non-cumulative dividend, $1,000 liquidation preference, perpetual, no conversion.
- Proceeds for general corporate purposes including capital support for CrossFirst Bank.
- Preferred stock qualifies as Tier 1 capital; callable at option after March 2028.
- Restrictions on common stock dividends if preferred dividends not paid.

## SEC filing metadata
- accession: 0001562762-23-000151
- form_type: 8-K
- cik: 0001458412
- company_name: CROSSFIRST BANKSHARES, INC.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1458412/000156276223000151/0001562762-23-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1458412/000156276223000151/8k20230329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-23-000151
- JSON: https://secwatch.observer/filing/0001562762-23-000151.json
- Plain text: https://secwatch.observer/filing/0001562762-23-000151.txt

## Key facts
- Governance Changes
  CROSSFIRST BANKSHARES, INC.: Filed Certificate of Designations establishing Series A Preferred Stock (effective 2023-03-29).
  - Change: charter amendment
  - Effective: 2023-03-29
  source text: On March 29, 2023, the Company filed the Certificate of Designations with the Secretary of State of the State of Kansas, which was effective upon filing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1458412/000156276223000151/0001562762-23-000151-index.htm
- Material Agreements
  CROSSFIRST BANKSHARES, INC. entered into Purchase Agreement with certain investors qualified as 'accredited investors' valued at aggregate purchase price of $7,750,000 (effective 2023-03-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors qualified as 'accredited investors'
  - Value: aggregate purchase price of $7,750,000
  - Effective: 2023-03-29
  source text: On March 29, 2023, CrossFirst Bankshares, Inc. (the “Company”) entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain investors qualified as "accredited investors," as such term is defined in Rule 501(a) of Regulation D ("Regulation D") promulgated under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to which the Company offered and sold shares of its Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock"), for an aggregate purchase price of $7,750,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1458412/000156276223000151/0001562762-23-000151-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.