UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM

8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported):

June 13, 2022

CROSSFIRST BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

Kansas

001-39028

26-3212879

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

11440 Tomahawk Creek Parkway

Leawood

Kansas

(Address of Principal Executive Offices)

66211

(Zip Code)

(

913

)

312-6800

Registrant's telephone number, including area code

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

CFB

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933

(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for

complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 7.01.

Regulation FD Disclosure.

On June 13, 2022, CrossFirst Bankshares, Inc. ("CrossFirst") announced an agreement under which CrossFirst’s bank

subsidiary, CrossFirst Bank (“CFB Bank”), will acquire Central Bancorp, Inc.’s (“Central”) bank subsidiary, Farmers &

Stockmens Bank (“F&S Bank”), for approximately $75 million in cash. F&S Bank currently has Central Bank & Trust

branches in Colorado and Farmers & Stockmens Bank branches in New Mexico.

CrossFirst issued a press release announcing

the agreement among CrossFirst, CFB Bank, Central and F&S Bank, which is attached hereto as Exhibit 99.1 and

incorporated herein by reference.

The transaction is currently expected to be $0.17, or 11.7%, accretive to CrossFirst’s earnings per share in 2023,

assuming fully-phased in cost savings. The earnings per share accretion estimates are based on anticipated cost savings of

20% of F&S Bank’s non-interest expense and do not include any impact due to potential revenue synergies, although

opportunities have been identified. An investor presentation is attached hereto as Exhibit 99.2 and incorporated herein by

reference.

The transaction is currently expected to close in the second half of 2022, subject to approval by Central shareholders

and bank regulatory authorities, as well as the satisfaction of other customary closing conditions.

The information in Item 7.01 of this report (including Exhibits 99.1 and 99.2) is being furnished pursuant to Item 7.01

and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act")

or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under

the Securities Act of 1933 or the Exchange Act.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

99.1

Press Release of CrossFirst Bankshares, Inc. dated June 13, 2022

99.2

Investor Presentation - Project West

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its

behalf by the undersigned hereunto duly authorized.

Date:

June 8, 2022

CROSSFIRST BANKSHARES, INC.

By:

/s/ Benjamin R. Clouse

Benjamin R. Clouse

Chief Financial Officer