CrossFirst Bankshares intends to use the proceeds for general corporate purposes, including support of future growth, according to its SEC registration statement.
The House Financial Services Committee chairman said "so far, the United States Senate has done nothing on a bill that passed" the House with over 400 votes.
Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles.