Gaylon Lawrence Jr. can purchase more shares of Nashville-based CapStar Financial Holdings Inc.
In a letter dated Nov. 6, officials with the Federal Reserve approved the frequent bank investor's application to buy up to 15 percent of CapStar's outstanding stock. He now owns just under 10 percent.
CapStar unsuccessfully attempted to block Lawrence's application, in addition to filing a lawsuit against him. Lawrence is now limited to the 15 percent threshold. In order to exceed that limit, he will…
