Pinnacle Financial Partners and Synovus Financial Corp. have officially finished their merger. This deal creates a new Regional Bank Growth Champion in the financial sector. The combined firm now operates as one bank holding company under the Pinnacle name. It holds an estimated $117.2 billion in total assets. This makes the company a major force in the Southeast and Atlantic coast.
The merger brings together two strong banking legacies with over 160 years of service. Clients will see the Regional Bank Growth Champion operate under both brands for now. A full brand conversion will happen in early 2027. The firm now manages over 400 locations across nine different states. The headquarters for the holding company is located in Atlanta, Georgia. Nashville remains the home for the combined bank headquarters.
Leadership aims to build the bank of the future through this union. They will combine Pinnacle’s recruiting model with the deep talent at Synovus. The firm currently employs more than 8,000 team members. They remain focused on creating long-term and trusted relationships with all clients. This strategy helps the Regional Bank Growth Champion maintain a high level of service.
Strategic Vision for the Combined Entity
The bank is now the largest firm headquartered in the state of Tennessee. It also holds the top spot for holding companies in Georgia. These strengths will drive accelerated growth for shareholders and clients alike.
“By bringing our organizations together, we gain scale while staying true to what matters most, creating long-term, trusted relationships,” said Kevin Blair, CEO and President. “This merger is about growth with purpose, combining strength and heart to deliver scale with a soul,” Blair added.
“We are marrying the best of both our companies together so we can continue to win for our team members, clients, and shareholders,” said Terry Turner, Board Chair.
The firm is already a top-ranked employer in the United States. It recently earned a spot on the Fortune 100 Best Companies to Work For list. This culture helps the bank attract and keep the best financial professionals. The team will work behind the scenes to ensure a smooth transition. Investors can track the firm on the New York Stock Exchange under the ticker PNFP.
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News Source: Businesswire.com
