Old National Bancorp (NASDAQ:ONB) has officially completed its acquisition of CapStar Financial Holdings, and its subsidiary, CapStar Bank, as detailed in a press release on April 1, 2024.

The merger sees CapStar amalgamating into Old National, with the latter emerging as the surviving corporation.

This move folds CapStar Bank into Old National Bank, further expanding Old National's footprint into Nashville, Tennessee.

At the close of 2023, CapStar reported having approximately $3.1 billion in total assets, underscoring the significant addition to Old National's portfolio.

Following this merger, Old National now boasts around $52 billion in assets and $29 billion in assets under management, positioning it among the top 30 banking entities based in the U.S.