CapStar Bank has brought on board Dan Hogan, former regional president at Fifth Third Bank and the former National Commerce Financial, to be its chief operating officer. Current COO Tip Evans has moved over to a newly created chief information officer position.
Hogan (on far left), who left Fifth Third almost a year ago, had been consulting with downtown-based CapStar since July, when the bank was close to completing its acquisition of American Security Bank & Trust in Sumner County.
"CapStar is maximizing the strengths of two talented individuals — Tip, with a deep understanding of the DNA of CapStar, and Dan, who will bring a new perspective to our goals of excellent customer service and enhancing shareholder value," said President and CEO Claire Tucker. "Deploying Dan and Tip in these new avenues of leadership will allow me to focus on strategic considerations as we move toward the billion-dollar assets mark."
Evans was one of the first four employees CapStar hired in 2007 when it was still in organization. A former executive vice president at First American, he has a strong background in bank payment systems and has been involved with several industry associations, including the National Automated Clearing House Association and the Electronic Check Council.
For Hogan, moving to CapStar now won't be a huge change in terms of the size of the operation involved. With American Security under its belt, the four-year-old lender has assets of about $930 million, while Fifth Third's Tennessee affiliate — following several years of good growth — now has about $2 billion in loans.
“The opportunity to join the CapStar team was one I could not pass up,” said Hogan. “I am very impressed with the accomplishments of the bank and the talent in place at the company. Helping CapStar capitalize on new opportunities as well as hiring additional talent to help the bank execute on the new growth initiatives will be an exciting challenge.”