Pinnacle Financial Completes Merger with Synovus, Assets Reach $117.2B
Pinnacle Financial Partners announced the completion of the merger of Pinnacle Financial Partners and Synovus Financial Corp. with the combined firm now operating as one bank holding company under the name Pinnacle Financial Partners. Following the bank holding company merger, Pinnacle Bank became a member bank of the Federal Reserve System and Synovus Bank merged into Pinnacle Bank, with Pinnacle Bank as the surviving bank in the bank merger. The combined Pinnacle Bank will operate under both the Pinnacle and Synovus brands, consolidating under the Pinnacle brand in early 2027. The newly combined bank holding company had an estimated pro forma combined $117.2B in assets, deposits of $95.7B and loans of $80.4B, all as of Sept. 30. 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. The headquarters of the combined holding company will be in Atlanta, Georgia, and the headquarters of the combined bank will be in Nashville, Tennessee. Integration teams have been working closely together to build the blueprint for Pinnacle's future as a combined company. While bankers continue to serve clients and recruit top talent with little to no disruption, others will work behind the scenes to execute as seamless an integration effort as possible. Systems and brand conversions are expected in early 2027. Throughout, the primary goal will be to enhance the client experience.
