CapStar Financial Holdings CEO Tim Schools has beefed up his senior leadership team with the hiring of a Knoxville-based credit executive of a regional bank.
Kevin Lambert has joined CapStar as chief credit officer and is taking over that role from Chris Tietz, whom Schools has named chief credit policy officer and executive vice president of specialty banking. Lambert will lead downtown-based CapStar’s underwriting and portfolio management teams while Tietz will continue to oversee credit policy administration, portfolio monitoring and loan review, among other duties, as well as a number of CapStar’s lending units, including commercial real estate and mortgage.
In a statement, Schools lauded Tietz — who was named chief credit officer in 2016 — for his work on CapStar’s credit culture as well as his efforts to launch and build government-guaranteed and tri-net lending books.
Lambert comes to CapStar from First Citizens Bank, which is based in Raleigh and has nearly $50 billion in assets. He spent nearly a decade at the bank, rising to senior regional credit officer overseeing Maryland, Northern Virginia, Tennessee and Western North Carolina. He has previously also worked at the firmer Sovran Bank, National Bank of Commerce and SunTrust Bank organizations.
“We look forward to [Lambert’s] impact having worked as both a commercial relationship manager and senior credit officer at several highly successful growth-oriented banks, each of which demonstrated outstanding credit metrics,” Schools said. “Combined, this is a true win for CapStar as we are focused on assembling outstanding talent and people to support our vision of being one of the industry’s great organizations.”
CapStar has about $3.2 billion in assets and runs offices Middle and East Tennessee. Shares of the company (Ticker: CSTR) were up nearly 4 percent to $18.68 Monday morning. They have nearly doubled in the past six months, pushing CapStar’s market value past $400 million.