CapStar Bank has recruited former Vanderbilt basketball star Barry Booker to be a commercial and industrial relationship manager. Booker had been with Wells Fargo since 2006, working on both sales and underwriting. Before that, he was a client manager at Bank of America. Check out CapStar's release here.
So what should we make of this?
In its latest snapshot of banking conditions in its Southern District, the Office of the Comptroller of the Currency says loan volumes in the Nashville region "continue to contract." That characterization doesn't fit at all with mid-year numbers from the Federal Deposit Insurance Corp., which showed the area's community banks posting annualized loan growth of more than 10 percent.
The simple explanation would be that national and big regional banks are pulling back from Nashville. The country's top lenders account for more than 60 percent of Middle Tennessee deposits — new numbers were released just the other day — so it's fair to assume they command a similar share of the lending market. The region's community banks would have to put up eye-popping numbers to offset even a measured contraction at their large brethren.
So that's the easy explanation. But I'll open it up to you all: Is there more to it?
Pinnacle Financial Partners has recruited eight-year banking veteran Nathan Matheson to be a senior vice president and business banker at its West Baddour office in Lebanon. Matheson, who is working on his master's in finance and economics at Middle Tennessee State University, had been a VP at SunTrust.
Pinnacle also has hired Liz Thomas in Lebanon as service specialist. She has 11 years of experience and joins Pinnacle from First Tennessee Bank, where she was an operations manager. Before that, she worked at Carolyn Miller State Farm Insurance and Wilson Bank & Trust.
Pinnacle runs four offices in Wilson and ranked second in deposit share as of mid-2013 with 13 percent of the market.
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