Pinnacle and Synovus Complete Merger to Become Regional Bank Growth Champion

Core Viewpoint - The merger between Pinnacle Financial Partners, Inc. and Synovus Financial Corp. has been completed, creating a larger bank holding company with significant assets and a focus on growth and client relationships [1][2][3]. Company Overview - The newly combined bank holding company has an estimated pro forma combined asset total of $117.2 billion, with deposits of $95.7 billion and loans of $80.4 billion as of September 30, 2025 [2]. - The combined firm operates over 400 locations across nine states in the Southeast and Atlantic coast, with plans to consolidate under the Pinnacle brand by early 2027 [2][3]. Leadership and Integration - The leadership team aims to position the combined entity as the fastest-growing and most profitable regional bank in the nation, emphasizing the importance of long-term relationships [4][6]. - Integration teams are working to ensure a seamless transition, with systems and brand conversions expected in early 2027 [3][6]. Shareholder and Stock Information - Under the merger agreement, each share of legacy Pinnacle common stock was converted into an equal number of shares of the new Pinnacle, while each share of Synovus common stock was converted into 0.5237 shares of new Pinnacle [6]. - The new Pinnacle shares will begin trading on the New York Stock Exchange on January 2, 2026, with legacy Pinnacle and Synovus being delisted from their respective exchanges [6][7]. Historical Context - The merger was announced on July 24, 2025, with shareholder approval obtained on November 6 and regulatory approvals received shortly thereafter, leading to the completion of the merger on January 1, 2026 [7]. Market Position - Pinnacle Financial Partners is now the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia, holding the number one deposit market share in the Nashville MSA and fourth in the Atlanta MSA [8]. Recognition and Culture - Pinnacle has been recognized as a top employer, ranking ninth in FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S. and fourth among America's Best Banks to Work For [9].