secwatch.observer — SEC 8-K summary
======================================

Issuer:     CROSSFIRST BANKSHARES, INC. (—)
CIK:        0001458412
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001562762-23-000151
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1458412/000156276223000151/0001562762-23-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1458412/000156276223000151/8k20230329.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000151

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer