Pinnacle Financial Partners completed its merger with Synovus Financial Corp. with the combined bank holding company operating under the name Pinnacle Financial Partners.
Further, Synovus Bank was merged into Pinnacle Bank, which became a member bank of the Federal Reserve System. However, the combined Pinnacle Bank will operate under both the Pinnacle and Synovus brands until early 2027 when it consolidates under the Pinnacle brand.
The newly combined bank has roughly $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans. The firm now operates more than 400 locations in nine states throughout the Southeast and Atlantic coast, along with multiple banking specialties with nationwide scope.
“This merger unites two trusted legacies to create one bright future,” Kevin Blair, CEO and president of Pinnacle Financial Partners, said. “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 headquarters of the holding company will be in Atlanta, while the headquarters of the combined bank will be in Nashville.
“We are marrying the best of both our companies together so we can continue to win for our team members, clients and shareholders,” Terry Turner, Pinnacle board chair, said. “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.”
Turner is joined on the board by seven other directors from legacy Pinnacle and seven directors from Synovus. Further, Rob McCabe serves as chief banking officer, leading all bank teams in the Pinnacle model.
“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,” Blair said. “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.”
Under the terms of the merger, 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. Further, 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 will begin trading on the New York Stock Exchange on Jan. 2, 2026, under the ticker PNFP. The legacy Pinnacle and Synovus stocks were delisted from the Nasdaq and NYSE, respectively.