NASHVILLE, Tenn., Feb. 9, 2016 /PRNewswire/ -- CapStar Bank announced today that the Federal Reserve Bank and the Tennessee Department of Financial Institutions have approved the formation of CapStar Financial Holdings, Inc. (CFH). CapStar shareholders voted unanimously to approve the new holding company as well.
The new corporate structure has resulted in a leadership realignment: Claire W. Tucker is now President and Chief Executive Officer of CapStar Financial Holdings; Dan W. Hogan is Chief Executive Officer of CapStar Bank; and Rob Anderson is Chief Administrative Officer and Chief Financial Officer of both CapStar Financial Holdings and CapStar Bank.
The holding company was formed to accommodate several potential needs: CapStar Financial Holdings provides flexibility in navigating the current regulatory environment. The company will hold 100 percent of CapStar Bank's outstanding common stock, provide a platform to facilitate a public offering, allow for debt issuance, and enable the financing of acquisitions or support capital formation. The revised corporate structure provides the bank with enhanced flexibility as it considers other strategic moves to augment CapStar's organic growth.
CapStar Financial Holdings, Inc., with assets of $1.2 billion, provides custom financial solutions to private clients, business leaders and their employees. Headquartered in Nashville, Tenn., the company was founded in July, 2008 and has six locations, including the mortgage division, in three counties: Davidson, Williamson and Sumner. CapStar is a commercial bank, specializing in the areas of business lending, commercial and industrial lending, commercial real estate and healthcare lending, including robust treasury management services and correspondent banking. Personal services include tailored loan and deposit products, wealth management and mortgage products.
For more information about CapStar, visit www.CapStarBank.com.
CapStar Bank: We're listening.
SOURCE CapStar Financial Holdings, Inc.