Pinnacle Financial Completes $8.6B All-Stock Merger With Synovus

Key Takeaways Pinnacle and Synovus have merged, creating a $117B regional bank with 400 branches across nine states.Pinnacle shareholders own 51.5% of the combined company, with Synovus shareholders holding 48.5%.The merger is expected to generate 21% operating earnings accretion and strengthen long-term returns for PNFP.Pinnacle Financial Partners, Inc. (PNFP) has completed its previously announced all-stock merger with Synovus Financial Corporation, valued at $8.6 billion. With all required shareholder an ...