Dallas Banker George Jones Takes CrossFirst Bankshares Public for More Than $100 Million

Veteran Dallas banker George Jones couldn't have asked for a worse day to try and convince Wall Street that CrossFirst Bankshares Inc. is a worthy investment. The Dow Jones Industrial Average plummeted 800 points on Wednesday, as recession worries spooked investors. But Jones and the commercial bank made it through, securing a share price just below the expected range. "It worked out pretty well, despite the crazy market conditions," Jones said in an interview with The Dallas Morning News.Shares started trading Thursday on the Nasdaq, settling slightly up at $14.60. The public offering is expected to raise more than $100 million, making it the biggest bank IPO this year.It's not Jones' first adventure with capital markets. In 2003, he took five-year-old Texas Capital Bank public, setting the foundation for a bank that today counts $27 billion in assets.  Continue reading...

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