11.26.25

Fed Approves Pinnacle, Synovus Merger

by: Caitlin Mullen

The Federal Reserve has approved the merger of Pinnacle Bank and Synovus Bank, paving the way for the all-stock, $8.6 billion deal to close on Jan. 1. The combined $116 billion-asset bank will operate under the Pinnacle name, with the holding company in Atlanta and the bank headquartered in Nashville. Leaders say they are avoiding pitfalls seen in past regional mergers, having already defined management roles and integration plans. Systems and operations will transition gradually through 2027. The Fed reviewed concerns about fair-lending and branch access but noted both banks’ Community Reinvestment Act compliance ratings and their commitments to underserved communities.

Read the full article on Banking Dive