CapStar Bank Overview and Features

CapStar Bank is a community bank that offers a range of personal and business banking services.

The bank was founded in 2007 and is headquartered in Nashville, Tennessee. It has a strong commitment to community development and philanthropy.

CapStar Bank has a wide range of deposit accounts, including checking and savings accounts, money market accounts, and certificates of deposit (CDs). These accounts are designed to meet the needs of individuals and businesses alike.

One of the key features of CapStar Bank is its focus on online banking, which allows customers to manage their accounts, pay bills, and transfer funds from the comfort of their own homes.

CapStar Bank is planning an initial public offering, joining the NASDAQ Global Select Market under the ticker symbol "CSTR". This move makes it the latest local bank to pursue public markets.

CapStar Financial Holdings, the holding company for the bank, will be led by CEO Claire Tucker. The number of shares and price range have not yet been determined.

Nashville is hot in terms of the economic backdrop, implying that banks here should be doing well in profitability and growth. Local banking analyst Jeff Davis of Mercer Capital agrees, saying it's been a great place for investors in the last few years.

CapStar was founded in 2007, part of a wave of homegrown banks that emerged after Nashville's longstanding local banks were bought. The bank has $1.3 billion in assets and ranks No. 3 among local banks for market share by deposits.

Avenue Financial Holdings and Franklin Financial Network, which began operating at the same time as CapStar, have seen success since going public. Avenue shares opened at $11 a share in February 2015 and were valued at close to $20 during the Pinnacle purchase.

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CapStar Bank has partnered with several organizations to enhance its services and reach a wider customer base.

One notable partnership is with the Tennessee Bankers Association, which provides the bank with valuable resources and networking opportunities.

By working with the Tennessee Bankers Association, CapStar Bank can stay up-to-date on industry developments and best practices.

CapStar Bank has also partnered with the Nashville Technology Council, a group that supports the growth of the region's tech industry.

This partnership allows the bank to tap into the council's expertise and connect with local tech companies.

CapStar Bank's partnerships have helped it to expand its services and reach a wider customer base, including small businesses and individuals.

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CapStar Bank has a physical presence with multiple locations, including in Tennessee and North Carolina. They have a strong focus on community banking.

Their routing number is 064000064, which is used for electronic transactions. This makes it easy to set up direct deposit or pay bills online.

CapStar Bank is a member of the FDIC, which provides deposit insurance up to $250,000 per depositor, per insured bank. This gives customers peace of mind knowing their deposits are protected.

CapStar Bank was co-founded by Dennis C. Bottorff and Claire W. Tucker on July 14, 2008, with U.S. $88 million.

By 2021, the bank had grown to have assets of over U.S. $3 billion.

In 2018, the bank acquired Athens Bancshares Corp., adding eight East Tennessee financial centers to its network.

This acquisition marked a significant expansion for the bank, allowing it to reach more customers in the region.

The bank continued to grow, purchasing FBC Corporation in 2020, which included the First National Bank of Manchester and the Bank of Waynesboro.

By acquiring these banks, CapStar Bank was able to increase its presence in the market and offer more services to its customers.

In April 2024, CapStar Bank announced that it would be merging its operations with those of Old National Bancorp, becoming a division of the larger bank.

Reviews can be found on various websites, including WalletHub.

The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites.

CapStar Bank's rating on WalletHub was last updated on May 17, 2024.