Pinnacle Financial Partners (now trading on the New York Stock Exchange under “PNFP”) has completed its previously announced merger with Synovus Financial, creating a combined regional banking company with an estimated $117.2 billion in assets as of September 30, 2025. The combined organization is operating as a single bank holding company under the name Pinnacle Financial Partners, marking the close of a transaction the companies first announced on July 24, 2025.
The bank holding company merger was completed on January 1, 2026, followed by the bank merger on January 2, 2026. In the bank merger, Synovus Bank merged into Pinnacle Bank, with Pinnacle Bank as the surviving institution. Pinnacle Bank also became a member bank of the Federal Reserve System following the holding company merger.
Operationally, the combined bank will serve clients under both the Pinnacle and Synovus brands through the conversion period, with consolidation under the Pinnacle brand expected in early 2027. The companies said systems and brand conversions are also expected in early 2027, with 2026 serving as an integration and client transition year focused on maintaining service continuity and improving the overall client experience. The combined firm is directing clients to dedicated merger update pages hosted by both institutions for ongoing communications throughout 2026.
On a pro forma basis as of September 30, 2025, the combined company reported estimated deposits of $95.7 billion and loans of $80.4 billion, alongside an asset figure of $117.2 billion. The platform spans more than 400 locations across nine Southeastern states and along the Atlantic coast, complemented by multiple specialty banking businesses described as having nationwide scope. The organization is also significantly larger on day one, with leadership noting a workforce of more than 8,000 team members following close.
The transaction combines Pinnacle’s growth strategy and recruiting-led expansion model with Synovus’ established presence, talent base, and banking capabilities. Leadership framed the combined company as positioned to compete for relationship-driven commercial and consumer banking clients across a broad Southeastern footprint, while building additional scale in attractive metropolitan markets.
From a headquarters perspective, the combined bank holding company will be based in Atlanta, Georgia, while the combined bank will be headquartered in Nashville, Tennessee. Pinnacle also highlighted its market positioning across key geographies, noting it is the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia. The company cited FDIC data (as of June 30, 2025) showing Pinnacle as No. 1 in deposit market share in the Nashville MSA and No. 4 in the Atlanta MSA.
Governance and executive leadership roles were also finalized at close. Terry Turner, Pinnacle’s board chair, will lead a combined board made up of seven additional directors from legacy Pinnacle and seven directors from Synovus, creating a 15-member board. Rob McCabe will serve as chief banking officer and lead bank teams under the “Pinnacle model,” as the combined organization works through integration planning and execution.
The merger’s exchange mechanics and listing changes also took effect at close. Each share of legacy Pinnacle common stock converted into the right to receive an equal number of shares of the new Pinnacle common stock. Each share of Synovus common stock converted into the right to receive 0.5237 shares of new Pinnacle common stock. Shares of the combined company began trading on the NYSE on January 2, 2026 under the ticker “PNFP,” while legacy Pinnacle and Synovus shares were delisted from Nasdaq and NYSE, respectively.
KEY QUOTES
“This merger unites two trusted legacies to create one bright future. Thanks to the incredible work of our team members and partners, we’re now more than 8,000 strong and building the bank of the future from a position of strength—with a shared goal to be the best financial services firm and the best place to work in the country.”
“The leadership team we’ve assembled is built to lead Pinnacle into the future as the fastest-growing, most profitable regional bank in the nation,” said Blair. “By bringing our organizations together, we gain scale while staying true to what matters most—creating long-term, trusted relationships. This merger is about growth with purpose, combining strength and heart to deliver scale with a soul.”
Kevin Blair, Chief Executive Officer and President, Pinnacle Financial Partners
“We are marrying the best of both our companies together so we can continue to win for our team members, clients and shareholders. Rob McCabe and I helped found this firm and led the team that built it into what it is today. As board chair, I’m bringing a founder’s mentality and 25 years of experience as CEO to bear in supporting Kevin and his team as they lead us into the next chapter.”
Terry Turner, Pinnacle board chair
