01.02.26

Synovus Financial Completes $8.6 Billion Merger With Nashville Bank

by: Chris Fuhrmeister

Synovus Financial has completed its $8.6 billion all-stock merger with Nashville-based Pinnacle Financial Partners, creating a major regional banking competitor. Finalized on Jan. 2, the combined holding company adopts the Pinnacle Financial Partners name and will be headquartered in Atlanta, with the bank based in Nashville. The Synovus and Pinnacle brands will operate until consolidating under Pinnacle Bank in 2027. Led by CEO Kevin Blair, the new Pinnacle has about $117 billion in assets and becomes Georgia’s largest bank holding company and Tennessee’s largest bank by assets.

Read the full article on Atlanta Business Chronicle