Pinnacle–Synovus merger gets regulatory green light

The proposed combination of Pinnacle Financial Partners and Synovus Financial Corp. 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 said that they anticipate completing the merger on January 1, 2026, subject to satisfaction of the remaining customary closing conditions.

“Federal bank regulatory approval brings us another step closer to combining two strong organisations with a shared commitment to people,” said Kevin Blair, Synovus chief executive and who will be president and chief executive of the combined company. “By leveraging the best of both firms, we’ll accelerate growth, expand opportunities and deliver lasting impact for clients, team members and communities.”

“I’m incredibly proud of the teams on both sides of this deal who are working in lockstep to bring us together,” said Pinnacle President and chief executive Terry Turner, who will be chairman of the board for post-close Pinnacle. “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.”

The companies said that 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.”

According to the companies the combined firm will have $116 billion in assets and headquarters in two of the Southeast’s most important and fastest growing markets: The holding company will be based in Atlanta, GA, and Pinnacle Bank will be based in Nashville, TN, as a Tennessee state-chartered bank and member of the Federal Reserve System.

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.