Pinnacle Financial Partners and Synovus Financial Corp. have received approval from the Board of Governors of the Federal Reserve System for their proposed merger of equals. With shareholder approval secured on November 6, 2025, the companies now expect to complete the transaction on January 1, 2026, pending satisfaction of remaining customary closing conditions.
The merger unites two high-performing regional banks with complementary footprints, client-focused cultures, and proven track records of growth and associate engagement.
“Federal bank regulatory approval brings us another step closer to combining two strong organizations with a shared commitment to people,” said Kevin Blair, Synovus CEO and future President and CEO of the combined company. “By leveraging the best of both firms, we’ll accelerate growth, expand opportunities and deliver lasting impact for clients, team members and communities.”
“I’m incredibly proud of the teams on both sides of this deal who are working in lockstep to bring us together,” added Pinnacle President and CEO Terry Turner, who will serve as Chairman. “This is such a complex process, but both teams are pulling in the same direction toward the end goal, which is to create a bank that’s bigger, stronger and better able to serve the needs of our clients and communities than ever before.”
Integration planning is well underway with a clear Day One operating model. Throughout 2026, clients should experience minimal disruption:
The combined company will maintain strong local leadership and market presence across the Southeast, preserving the client relationships and community focus that have defined both organizations.
The new Pinnacle will be headquartered in Atlanta (holding company) and Nashville (bank), creating a powerful $116 billion franchise positioned for continued outsized growth and performance.
About Pinnacle
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA and No. 9 on FORTUNE’s 2025 list of 100 Best Companies to Work For®. Pinnacle operates in several primarily urban markets across the Southeast with approximately $56.0 billion in assets as of September 30, 2025.
About Synovus
Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets and 244 branches across Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus provides commercial and consumer banking along with specialized wealth, treasury, mortgage, and international banking services.
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