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Nashville, Tenn.-based CapStar Bank ($711.2 million) will continue to look for more merger targets in the wake of its deal to buy Hendersonville, Tenn.-based American Security Bank and Trust Co. ($168.9 million).
"It would be fair to assume that we'll be considering other acquisition opportunities," Claire Tucker, president and CEO of CapStar, told SNL during a Feb. 10 interview to discuss the deal. Tucker said CapStar examined a number of other companies as it searched for franchises to acquire but that ultimately American Security proved to be the best fit. The footprints of each company occupy contiguous counties, Tucker said, and the two banks shared a similar culture and penchant for banking with similar customers. "It has very similar demographics and the bank itself has a strategy, in terms of their target market, that is very similar to us," she added.
According to SNL data, CapStar will...