Old National Bancorp to acquire CapStar Financial Holdings, Inc.

Old National Bancorp has agreed to acquire CapStar Financial Holdings, Inc. in a strategic acquisition within the Financial Services sector. The transaction involves a mixed consideration structure comprising both shares and cash, though the specific deal value remains undisclosed. Both entities are based in the United States, facilitating a domestic consolidation of banking operations. The deal was officially completed on 1 April 2024, marking the end of the negotiation phase.

This acquisition allows the buyer to expand its market presence by integrating the target's operations and customer base. The combination of equity and cash consideration suggests a balanced approach to financing the purchase price without relying solely on debt or stock issuance. Regulatory approvals were obtained prior to the finalisation of the transaction. The parties have now moved into the post-merger integration phase to realise the combined entity's operational synergies.