Yahoo Finance·2026-01-05 12:10Core Viewpoint - Synovus Financial has successfully merged with Pinnacle Financial Partners in an all-stock deal valued at $8.6 billion, aiming to create the highest-performing regional bank in the Southeast [1][6] Group 1: Merger Details - The merger was announced in July and has resulted in a combined holding company with $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans as of September 30 [1] - The new holding company will be headquartered in Atlanta, Georgia, while the bank's operations will be based in Nashville, Tennessee, with plans to consolidate under the Pinnacle brand by early 2027 [2] Group 2: Shareholder Structure - The merger involved a fixed exchange ratio of 0.5237 Synovus shares for each Pinnacle share, translating to a Synovus share value of $61.18, resulting in Synovus shareholders owning approximately 48.5% and Pinnacle shareholders about 51.5% of the merged entity [3] Group 3: Leadership and Vision - Kevin Blair, the former CEO of Synovus, is now the president and CEO of the merged group, while Terry Turner, the former CEO of Pinnacle, chairs the board [4] - The leadership team aims to position the merged entity as the fastest-growing and most profitable regional bank in the nation, emphasizing the importance of long-term relationships and purposeful growth [5]