The proposed combination of Pinnacle Financial Partners and Synovus Financial has received regulatory approval from the board of governors of the Federal Reserve System. With shareholders of each company approving the merger on Nov. 6, 2025, Pinnacle and Synovus anticipate completing the merger Jan. 1, 2026, subject to satisfaction of the remaining customary closing conditions.
“Federal bank regulatory approval brings us another step closer to combining two strong organizations with a shared commitment to people,” Kevin Blair, CEO of Synovus, and who will be president and CEO of the combined company, said. “By leveraging the best of both firms, we’ll accelerate growth, expand opportunities and deliver lasting impact for clients, team members and communities.”
Terry Turner, president and CEO of Pinnacle, who will be chairman of the board for post-close Pinnacle, said, “I’m incredibly proud of the teams on both sides of this deal who are working in lockstep to bring us together. This is such a complex process, but both teams are pulling in the same direction toward the end goal, which is to create a bank that’s bigger, stronger and better able to serve the needs of our clients and communities than ever before.”
Integration teams are working closely together toward closing with clear plans for how the firm will operate on day one, while also building the blueprint for integration. Throughout 2026, team members will work to bring systems, processes and people under the Pinnacle brand. Full system and brand conversions are expected to take place in the first half of 2027. Until then, clients at both firms should see very little change in their day-to-day business, and Synovus locations will continue to operate under the Synovus brand.
“There’s no shortage of lessons learned to draw from in a merger like ours, and we’ve made decisions and taken actions to avoid pitfalls,” Blair said. “By focusing on the client and team member experiences and keeping local leadership and continuity across our markets, we’re building on Pinnacle’s legacy as one of America’s top-performing banks with engaged and purposeful teams, a loyal and growing client base and outsized shareholder returns.”
The combined firm will have $116 billion in assets and headquarters in two Southeast markets: The holding company will be based in Atlanta, and Pinnacle Bank will be based in Nashville as a Tennessee state-chartered bank and member of the Federal Reserve System.
