07.25.25

Pinnacle and Synovus Announce Merger

by: Yizhu Wang

Pinnacle Financial Partners announced an $8.6 billion all-stock merger with Synovus Financial, forging the year’s largest U.S. bank deal. The merged bank will focus on Sun Belt growth markets, benefiting from regional population and economic expansion. The deal, expected to close in early 2026, will see Synovus CEO Kevin Blair assuming leadership of the merged entity and Pinnacle’s Terry Turner becoming chair.

Read the full article on Bloomberg