Pinnacle, Synovus Complete Merger

Pinnacle Financial Partners, Inc. (NYSE: PNFP), a Georgia corporation, announced Jan. 2, 2026,completion of the merger of Pinnacle Financial Partners, Inc., a Tennessee corporation, and Synovus Financial Corp., a Georgia corporation, with the combined firm now operating as one bank holding company under the name Pinnacle Financial Partners, Inc.

Following the bank holding company merger, Pinnacle Bank became a member bank of the Federal Reserve System and Synovus Bank merged into Pinnacle Bank, with Pinnacle Bank as the surviving bank in the bank merger.

The combined Pinnacle Bank will operate under both the Pinnacle and Synovus brands, consolidating under the Pinnacle brand in early 2027.

The newly combined bank holding company had an estimated pro forma combined $117.2 billion in assets, deposits of $95.7 billion and loans of $80.4 billion, all as of Sept. 30, 2025.

The firm now operates more than 400 locations in nine states throughout the Southeast and Atlantic coast, including South Carolina, along with multiple banking specialties with nationwide scope.

The headquarters of the combined holding company will be in Atlanta, Georgia, and the headquarters of the combined bank will be in Nashville, Tennessee.

Officials said Integration teams have been working closely together to build the blueprint for Pinnacle’s future as a combined company. 

Terry Turner, Pinnacle board chair, is joined on the board by seven other directors from legacy Pinnacle and seven directors from Synovus. 

Rob McCabe serves as chief banking officer, leading all bank teams in the Pinnacle model.

Under the terms of the merger agreement, each share of legacy Pinnacle common stock was converted into the right to receive an equal number of shares of common stock of new Pinnacle, while each share of Synovus common stock was converted into the right to receive 0.5237 shares of new Pinnacle common stock.

Shares of the new Pinnacle were scheduled to begin trading on the New York Stock Exchange on Jan. 2, 2026, under the ticker “PNFP,” with legacy Pinnacle and Synovus delisted from the Nasdaq and NYSE, respectively.

The merger was announced July 24, 2025, with shareholder approval obtained on Nov. 6 and bank regulatory approvals received on Nov. 25 and 26.

With all closing conditions met, the merger of the bank holding companies into Pinnacle Financial Partners, Inc. was completed on Jan. 1, 2026, and the bank merger was completed on Jan. 2, 2026.