Pinnacle and Synovus Receive Federal Bank Regulatory Approval to Combine

Core Viewpoint - The merger between Pinnacle Financial Partners and Synovus Financial Corp has received regulatory approval and is expected to close on January 1, 2026, following shareholder approval on November 6, 2025 [1][15]. Company Overview - Pinnacle Financial Partners has approximately $56 billion in assets as of September 30, 2025, and is recognized as the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA according to 2025 FDIC deposit data [5][6]. - Synovus Financial Corp has around $60 billion in assets and operates 244 branches across five states, providing a full suite of banking services [7]. Merger Details - The combined entity will have total assets of $116 billion, with headquarters in Atlanta, GA, and Pinnacle Bank based in Nashville, TN [4]. - Integration teams are actively working on plans for operational continuity and brand integration, with full system conversions expected in the first half of 2027 [3]. Leadership and Strategic Goals - Kevin Blair, CEO of Synovus, will serve as the president and CEO of the combined company, while Terry Turner, CEO of Pinnacle, will be the chairman of the board post-merger [2]. - The merger aims to leverage the strengths of both organizations to accelerate growth and enhance service delivery to clients and communities [2][4].