M&A Deal Summary

CrossFirst Bankshares Acquires Canyon Bancorporation

On April 21, 2023, CrossFirst Bankshares acquired financial services company Canyon Bancorporation

Acquisition Highlights
  • This is CrossFirst Bankshares’ 1st transaction in the Financial Services sector.
  • This is CrossFirst Bankshares’ 1st transaction in the United States.
  • This is CrossFirst Bankshares’ 1st transaction in Arizona.

M&A Deal Summary

Date 2023-04-21
Target Canyon Bancorporation
Sector Financial Services
Buyer(s) CrossFirst Bankshares
Deal Type Add-on Acquisition
Advisor(s) Keefe, Bruyette, & Woods, Inc.
Stifel, Nicolaus & Co., Inc. (Financial)
Hunton Andrews Kurth (Legal)

Target

Canyon Bancorporation

Tucson, Arizona, United States
Canyon Bancorporation is a full-service financial institution that offers products and services to businesses, professionals, individuals, and families from its branch location in Tucson, Arizona. Canyon Bancorporation was founded in 2000 and is based in Tucson, Arizona.

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Buyer(S) 1

Buyer

CrossFirst Bankshares

Leawood, Kansas, United States

Category Company
Founded 2007
Sector Financial Services
Employees453
Revenue 245M USD (2023)
DESCRIPTION

CrossFirst Bankshares is a registered bank holding company for its wholly owned subsidiary CrossFirst Bank, a full-service financial institution that offers products and services to businesses, professionals, individuals, and families. CrossFirst, headquartered in Leawood, Kansas, has locations in Kansas, Oklahoma, Texas, Missouri, Colorado, New Mexico and Arizona. CrossFirst Bankshares was founded in 2007 and is based in Leawood, Kansas.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1