The pivotal news surrounding the pinnacle financial partners merger is reshaping the competitive landscape of the Southeast’s banking sector. Announced on July 24, 2025, Pinnacle Financial Partners (Nasdaq: PNFP) and Synovus Financial Corp. (NYSE: SNV) revealed their definitive agreement to combine in a transformative all-stock transaction valued at $8.6 billion, setting the stage for a powerhouse banking institution in one of the nation’s fastest-growing regions.
Strategic Impact and Structure of the Deal
The merger between Pinnacle Financial Partners and Synovus is not only the largest deal of its kind in the region but also brings together two market leaders aiming to deliver unmatched service and growth potential. The combined company will function under the Pinnacle Financial Partners and Pinnacle Bank name, leveraging their established brands and robust client bases across the Southeast.
Kevin Blair, currently Chairman, CEO, and President of Synovus, will assume the roles of President and CEO of the newly merged company. Terry Turner, President and CEO of Pinnacle, will become Chairman of the Board of Directors. The structure of leadership and governance assures continuity and a shared focus on sustained regional expansion.
Key Points Summary
- Transaction Value: The all-stock deal is worth $8.6 billion, calculated using closing prices as of July 21, 2025.
- Leadership: Kevin Blair (Synovus) becomes CEO and President; Terry Turner (Pinnacle) becomes Board Chairman.
- Asset Size: The merged entity will have approximately $116 billion in assets, becoming the largest bank holding company in Georgia and Tennessee.
- Shareholder Structure: Pinnacle shareholders will hold 51.5% of the new organization’s shares; Synovus will have 48.5%.
- Timeline: The closing of the merger is expected in the first quarter of 2026, subject to regulatory and shareholder approvals.
- Geographical Reach: Combined branches will span key southeastern states, with strong market positions in up to ten major urban centers.
- Operating Headquarters: The new parent company will be based in Atlanta, while Pinnacle Bank will keep its Nashville headquarters.
- Growth Outlook: Combined operations are projected to boost operating EPS by 21% by 2027 and offer a rapid tangible book value earnback of just 2.6 years.
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Why This Merger Matters
This union establishes a financial giant with the scale to accelerate investment in technology, branch expansion, and tailored financial services. With both banks consistently rated highly for workplace satisfaction and customer service, their merger signals a commitment to community, innovation, and long-term profitability.
The newly combined bank will:
- Rank among the top five lenders in ten key Southeastern metro areas.
- Benefit from diversified leadership and an experienced management team.
- Deepen community engagement through philanthropy and local economic support initiatives in cities like Atlanta, Nashville, and Columbus.
The transaction is anticipated to be tax-free for shareholders and to maintain a robust dividend policy, delivering immediate and sustained benefits to investors and communities alike.
Leadership and Operational Changes
The merger agreement outlines a new 15-member board, evenly split between leaders of both predecessor companies. Jamie Gregory, CFO at Synovus, will take the same post in the merged company. Regional leadership roles are being precisely organized to preserve strong local governance and business decision-making.
Timeline and Next Steps
The deal has received unanimous approval from the boards of both Pinnacle and Synovus. The next phase involves regulatory reviews and acquisitions of shareholder consent, with closing targeted for Q1 2026. Integration plans are already in progress, with leadership teams hosting a joint investor call on July 24, 2025, to address further questions and expectations.
The Road Ahead
As Pinnacle Financial Partners and Synovus gear up for this landmark transition, the Southeast’s financial landscape enters an exciting new era. Both institutions have emphasized their focus on seamless integration, preserving service excellence, and driving innovation across all markets served.
If you have insights or opinions about what this merger means for local communities or the industry at large, share your thoughts in the comments below and join the ongoing conversation.