CapStar Financial Holdings in Nashville, Tenn., is entering Asheville, N.C., after hiring a banker from First Horizon.
The $3.2 billion-asset company said in a press release Friday that Martin Nesbitt will serve as its Asheville market president. Nesbitt will build a team of bankers to focus on small and midsize business, professionals, real estate investors and retail customers.
Nesbitt previously served as a senior commercial relationship manager at First Horizon, which is being sold to TD Bank.
CapStar said it had formed a local advisory board to support Nesbitt’s efforts.
“CapStar is excited to continue its momentum by expanding into the dynamic Western North Carolina market,” Timothy Schools, the company’s president and CEO.