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CrossFirst Bankshares prices IPO

CrossFirst Bankshares Inc. priced its IPO of 7,011,589 common shares at $14.50 per share.

The Leawood, Kan.-based company is offering 5,750,000 of the shares, and the remaining 1,261,589 shares are being offered by selling stockholders. The offering is expected to close Aug. 19.

CrossFirst Bankshares granted the underwriters a 30-day option to purchase up to 1,051,738 additional common shares at the IPO price, less underwriting discounts.

Keefe Bruyette & Woods, Raymond James & Associates Inc. and Stephens Inc. are acting as joint book-running managers for the offering. Sandler O'Neill & Partners LP is serving as co-manager.

The shares are expected to begin trading on the Nasdaq Global Select Market on Aug. 15 under the ticker symbol CFB.