Pinnacle Financial Partners and Synovus Financial Corp. have completed their long-anticipated merger, creating a combined regional banking group with $117.2 billion in assets and operations spanning nine US states.
The transaction brings together Pinnacle Financial Partners, Inc., a Tennessee corporation, and Synovus Financial Corp., a Georgia corporation, under a single bank holding company now operating as Pinnacle Financial Partners, Inc. Following the merger, Pinnacle Bank became a member of the Federal Reserve System, while Synovus Bank merged into Pinnacle Bank, which will continue as the surviving entity.
The combined bank will operate under both the Pinnacle and Synovus brands, with plans to consolidate under the Pinnacle brand in early 2027. Headquartered in Atlanta at the holding company level and Nashville at the bank level, the new organisation now employs more than 8,000 people and operates over 400 locations across the Southeast and Atlantic coast.
Kevin Blair, president and chief executive officer of Pinnacle Financial Partners, said: “This merger unites two trusted legacies to create one bright future. Thanks to the incredible work of our team members and partners, we’re now more than 8,000 strong and building the bank of the future from a position of strength—with a shared goal to be the best financial services firm and the best place to work in the country.”
As of September 30, 2025, the pro forma combined group reported deposits of $95.7 billion and loans of $80.4 billion. Integration teams from both organisations have been working together to prepare for systems and brand conversions, which are expected to take place in early 2027. Client-facing operations are set to continue with minimal disruption.
Terry Turner, board chair of Pinnacle Financial Partners, said: “We are marrying the best of both our companies together so we can continue to win for our team members, clients and shareholders.”
Under the terms of the agreement, each share of legacy Pinnacle common stock was converted into an equal number of shares in the new Pinnacle, while Synovus shareholders received 0.5237 shares of new Pinnacle stock for each Synovus share held. Trading of the new Pinnacle shares began on the New York Stock Exchange on January 2, 2026, under the ticker “PNFP”.
The merger was first announced on July 24, 2025, with shareholder approval secured in November and final regulatory approvals granted later that month. The bank holding company merger was completed on January 1, 2026, followed by the bank merger on January 2.
