InsBank officials have elected local commercial real estate veteran David Crabtree to the board of the 12-year-old community bank.
Crabtree is executive vice president and principal broker at Brookside Properties, the company behind the development of parts of Cool Springs and a number of projects in Green Hills. Brookside also manages the new Green Hills headquarters of InsBank.
“David’s distinguished commercial real estate career will benefit InsBank both in the boardroom and in the community,” said Jim Rieniets, president and CEO of InsBank. “We are very pleased to have him on our team, and we know his experience will ultimately help InsBank better serve our clients.”
With Crabtree at the helm, Brookside has developed more than 25 commercial projects valued in excess of $250 million. Crabtree, who oversees brokerage activities, has himself brokered property sales worth more than $200 million.
Crabtree is a member of the International Council of Shopping Centers, where he is a three-time past state director for Tennessee. He also serves on the board of directors for the Cumberland County Playhouse.
InsBank, which has about $170 million in assets, posted a first-quarter profit of $354,000. The bank earned more than $1.2 million in 2011.