United States Regional Banks Pinnacle Financial Partners & Synovus Financial Announced $8.6 Billion Merger in All-Share Deal to Create United States Regional Bank with $115 Billion Asset, Pinnacle Shareholders to Own 51.5% of New Parent Entity & Synovus Shareholders to Own 48.5%, Synovus Financial CEO Kevin Blair Will be CEO & President and Pinnacle Financial Partners CEO Terry Turner Will be Chairman
27th July | Hong Kong
United States regional banks Pinnacle Financial Partners & Synovus Financial have announced $8.6 billion merger in all-share deal to create United States regional bank with $115 billion asset. Pinnacle shareholders will own 51.5% of new parent entity & Synovus shareholders will own 48.5%. Synovus Financial CEO Kevin Blair will be CEO & President, and Pinnacle Financial Partners CEO Terry Turner will be Chairman. Pinnacle – Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2024 deposit data from the FDIC. Pinnacle is No. 9 on FORTUNE magazine’s 2025 list of 100 Best Companies to Work For® in the U.S., its ninth consecutive appearance and was recognized by American Banker as one of America’s Best Banks to Work For 12 years in a row and No. 1 among banks with more than $10 billion in assets in 2024. The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $54.8 billion in assets as of June 30, 2025. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in several primarily urban markets across the Southeast. Synovus – Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $61 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. As of June 30, 2025, Synovus has 244 branches in Georgia, Alabama, Florida, South Carolina and Tennessee.
“ United States Regional Banks Pinnacle Financial Partners & Synovus Financial Announced $8.6 Billion Merger in All-Share Deal to Create United States Regional Bank with $115 Billion Asset, Pinnacle Shareholders to Own 51.5% of New Parent Entity & Synovus Shareholders to Own 48.5%, Synovus Financial CEO Kevin Blair Will be CEO & President and Pinnacle Financial Partners CEO Terry Turner Will be Chairman “
United States Regional Banks Pinnacle Financial Partners & Synovus Financial Announced $8.6 Billion Merger in All-Share Deal to Create United States Regional Bank with $115 Billion Asset, Pinnacle Shareholders to Own 51.5% of New Parent Entity & Synovus Shareholders to Own 48.5%, Synovus Financial CEO Kevin Blair Will be CEO & President and Pinnacle Financial Partners CEO Terry Turner Will be Chairman
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