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Investor raises CapStar stake to more than 10%

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Investor raises CapStar stake to more than 10%

Private investor Gaylon Lawrence Jr. now owns 1,156,675 CapStar Financial Holdings Inc. common shares, or 10.2% of the Nashville, Tenn.-based company.

Lawrence bought 122,102 shares from Oct. 6 to Oct. 16. The aggregate 1,156,675 shares were acquired for approximately $20.9 million.

Lawrence, who owns banks in Tennessee, Arkansas and Missouri, first reported a 6.2% ownership in August. It was 9.2% as of an Oct. 4 filing.