CapStar Financial Holdings Inc.'s board authorized the repurchase of up to $8 million of the company's outstanding common shares.

The repurchase program will remain in effect until Dec. 31, 2021, unless the maximum authorized dollar amount of common shares has been repurchased before that date.

The company intends to fund the repurchase program with a combination of cash on hand and cash from operations.

Additionally, CapStar Financial's board has authorized the filing of a registration statement for 3,652,094 common shares.