CapStar Financial Holdings in Nashville, Tenn., has a new leader for its Small Business Administration lending division.
The $3.1 billion-asset company said in a press release that Marc Gibson had been named the division’s director.
CapStar also said it had hired a team of experienced SBA professionals, increasing the division’s staff to three business development officers and 14 employees to handle processing, underwriting, approvals, closings and servicing.
SBA lending contributed $1.4 million in noninterest income in the fourth quarter, an increase from $279,000 a year earlier.
The company also said it had opened a branch in Asheville, N.C.