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Synovus Financial Corp. (SNV) Presents at The BancAnalysts Association of Boston Conference Transcript
Seeking Alphaยท 2025-11-06 21:06
Core Insights - Pinnacle Financial Partners and Synovus Financial announced an agreement to combine in an all-stock transaction, creating a regional bank with combined assets of $116 billion focused on the Southeast markets [1] Group 1: Company Overview - The merger aims to create a high-performing regional bank targeting the fastest-growing markets in the Southeast [1] - On a pro forma basis, the combined entity is expected to achieve top quartile revenue and net income growth, along with the best efficiency ratio among its peer group by 2027 [2] Group 2: Leadership - Terry Turner serves as the President and CEO of Pinnacle Financial Partners since its founding in 2000 [3] - Kevin Blair has been with Synovus since 2016, holding various roles including CFO and Chief Operating Officer, and was named CEO and President in 2021, and Chairman in 2023 [3]