Old National Bancorp, the holding company of Old National Bank, closed its previously-announced merger with Nashville, TN-based CapStar Financial Holdings, the holding company for CapStar Bank, on April 1.
“This partnership is an incredible cultural fit and a natural extension of our growth strategy that allows us to introduce our client- and community-centered approach to banking to several strong, vibrant Southeastern communities,” Jim Ryan, chairman and CEO of Old National, said. “We are excited to have reached this important milestone and to officially welcome CapStar clients and team members to the Old National family.”
After closing of the merger, Old National has approximately $52 billion of assets and $29 billion of assets under management (on a pro forma basis using Dec, 31, 2023, data).
CapStar Bank will operate as a division of Old National Bank prior to the banking centers and systems conversions, which is anticipated to occur in Q3/24.
