David L. O’Toole, CFO, chief investment officer and a founding shareholder/board member for CrossFirst Bankshares, plans to retire after nearly 15 years of service. O’Toole has served in his current roles for his entire time with the company.

“Since the earliest days of CrossFirst, our clients and our company have benefited greatly from the wisdom, leadership and financial acumen of Dave in the roles of CFO and chief investment officer,” Mike Maddox, president and CEO of CrossFirst Bankshares, said. “Dave has been an instrumental part of our growth over the past 15 years.”

O’Toole will continue serving as CFO until the company identifies a successor. Once a new CFO is identified, O’Toole will step down from this role and continue as chief investment officer through the end of 2022. He will also remain a member of the board of directors for the remainder of his board term, which ends in May 2022.

“Helping CrossFirst grow to a $6 billion regional bank and become a NASDAQ listed public company has been an incredible professional experience for me. My business instincts have always been reasonably accurate, so it feels like this is the right time to step aside and let a new person assume the CFO duties,” O’Toole said. “As banking continues its rapid change, I will remain a resource for the management team in a limited role but am looking forward to some travel with my wife Lisa and quality time with friends and family.”

Prior to helping found CrossFirst, O’Toole was a co-founder of a bank consulting and accounting firm that served more than 500 financial institutions. He was managing partner of the company for approximately 10 years and led the firm’s M&A practice.