Atlanta-based Pinnacle Financial Partners Inc. has completed its merger with Synovus Financial Corp., creating a combined bank holding company operating under the name Pinnacle Financial Partners Inc. The merger, which brings together two Southeastern financial institutions, significantly expands the company’s footprint in Florida through Synovus’ existing network of branches across the state.
Following the 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 entity.
The combined Pinnacle Bank will operate under both the Pinnacle and Synovus brands through 2026, with a consolidation under the Pinnacle brand planned for early 2027. The newly combined bank holding company reports pro forma combined assets of $117.2 billion, deposits of $95.7 billion, and loans of $80.4 billion, based on figures as of September 30, 2025. The firm now operates more than 400 locations across nine states in the Southeast and Atlantic coast, including a substantial presence in Florida via Synovus’ approximately 85 branches statewide. The company also offers multiple banking specialties with nationwide scope. The headquarters of the combined holding company is in Atlanta, Georgia, while the headquarters of the combined bank is in Nashville, Tennessee.
Kevin Blair, chief executive officer and president of Pinnacle Financial Partners, Inc., said in a press release that the merger unites two institutions. “Thanks to the work of our team members and partners, we’re now more than 8,000 strong and building the bank of the future from a position of strength—with a shared goal to be the financial services firm and place to work in the country,” said Blair.
Integration teams from both companies have collaborated on planning for the combined operations. Bankers will continue serving clients and recruiting talent with minimal disruption, while other teams focus on integration efforts. Systems and brand conversions are scheduled for early 2027, with a focus on maintaining client experience.
Clients can find details on expectations for 2026 and merger updates at PNFP.com/Future and synovus.com/future.The combined firm combines Pinnacle’s recruiting model and banking culture with Synovus’ talent and capabilities in markets including Florida. “Rob McCabe and I helped found this firm and led the team that built it into what it is today,” said Terry Turner, Pinnacle board chair. “As board chair, I’m bringing 25 years of experience as CEO to bear in supporting Kevin and his team as they lead us into the next chapter.”
Turner serves on the board alongside seven other directors from legacy Pinnacle and seven from Synovus. Rob McCabe serves as chief banking officer, leading all bank teams in the Pinnacle model.
A full list of the combined company’s directors and executive leaders is available at PNFP.com/Leadership.Blair added that the leadership team is assembled to lead Pinnacle as a regional bank in the nation. “By bringing our organizations together, we gain scale while staying true to creating long-term, trusted relationships. This merger is about growth with purpose, combining strength and heart to deliver scale with a soul.”Under the merger terms, each share of legacy Pinnacle common stock was converted into an equal number of shares of new Pinnacle common stock, while each share of Synovus common stock was converted into the right to receive 0.5237 shares of new Pinnacle common stock.
Shares of the new Pinnacle began trading on the New York Stock Exchange on January 2, 2026, under the ticker “PNFP,” with legacy Pinnacle and Synovus shares delisted from the Nasdaq and NYSE, respectively.The merger was first announced on July 24, 2025, with shareholder approval on November 6, 2025, and regulatory approvals received on November 25 and 26, 2025. The holding company merger was completed on January 1, 2026, and the bank merger on January 2, 2026.
In Florida, the merger enhances local banking options, particularly in areas like Jacksonville—where Pinnacle had two branches and Synovus had five in the metropolitan area—as well as North and Central Florida under regional leadership from Scott Keith and South Florida markets. The combined operations are expected to support continued service for Florida clients with no immediate changes to accounts or daily banking.
