$117.2 billion bank to deliver accelerated growth through proven hiring and client service models; clients to be served through Pinnacle and Synovus brands through conversion
Pinnacle Financial Partners, Inc., a Georgia corporation, announced the completion of the merger of Pinnacle Financial Partners, Inc., a Tennessee corporation, and Synovus Financial Corp., a Georgia corporation, with the combined firm now operating as one bank holding company under the name Pinnacle Financial Partners, Inc. Following the bank holding company merger, Pinnacle Bank became a member bank of the Federal Reserve System and Synovus Bank merged into Pinnacle Bank, with Pinnacle Bank as the surviving bank in the bank merger. The combined Pinnacle Bank will operate under both the Pinnacle and Synovus brands, consolidating under the Pinnacle brand in early 2027.
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“By bringing our organizations together, we gain scale while staying true to what matters most—creating long-term, trusted relationships. This merger is about growth with purpose, combining strength and heart to deliver scale with a soul.”
The newly combined bank holding company had an estimated pro forma combined $117.2 billion in assets, deposits of $95.7 billion and loans of $80.4 billion, all as of Sept. 30, 2025. The firm now operates more than 400 locations in nine states throughout the Southeast and Atlantic coast, along with multiple banking specialties with nationwide scope. The headquarters of the combined holding company will be in Atlanta, Georgia, and the headquarters of the combined bank will be in Nashville, Tennessee.
“This merger unites two trusted legacies to create one bright future,” said Kevin Blair, chief executive officer and president of Pinnacle Financial Partners, Inc. “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.”
Integration teams have been working closely together to build the blueprint for Pinnacle’s future as a combined company. While bankers continue to serve clients and recruit top talent with little to no disruption, others will work behind the scenes to execute as seamless an integration effort as possible. Systems and brand conversions are expected in early 2027. Throughout, the primary goal will be to enhance the client experience.
The combined firm is one of the nation’s leading banks and positioned for accelerated growth by combining Pinnacle’s intensive recruiting model and banking culture with Synovus’ deep talent and capabilities.
“We are marrying the best of both our companies together so we can continue to win for our team members, clients and shareholders,” said Terry Turner, Pinnacle board chair. “Rob McCabe and I helped found this firm and led the team that built it into what it is . As board chair, I’m bringing a founder’s mentality and 25 years of experience as CEO to bear in supporting Kevin and his team as they lead us into the next chapter.”
Turner is joined on the board by seven other directors from legacy Pinnacle and seven directors from Synovus. McCabe serves as chief banking officer, leading all bank teams in the Pinnacle model.
“The leadership team we’ve assembled is built to lead Pinnacle into the future as the fastest-growing, most profitable regional bank in the nation,” said Blair. “By bringing our organizations together, we gain scale while staying true to what matters most—creating long-term, trusted relationships. This merger is about growth with purpose, combining strength and heart to deliver scale with a soul.”
Under the terms of the merger agreement, each share of legacy Pinnacle common stock was converted into the right to receive an equal number of shares of common stock of new Pinnacle, while each share of Synovus common stock was converted into the right to receive 0.5237 shares of new Pinnacle common stock. Shares of the new Pinnacle will begin trading on the New York Stock Exchange on Jan. 2, 2026, under the ticker “PNFP,” with legacy Pinnacle and Synovus delisted from the Nasdaq and NYSE, respectively.
The merger was announced July 24, 2025, with shareholder approval obtained on Nov. 6 and bank regulatory approvals received on Nov. 25 and 26. With all closing conditions met, the merger of the bank holding companies into Pinnacle Financial Partners, Inc. was completed on Jan. 1, 2026, and the bank merger was completed on Jan. 2, 2026.
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