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Synovus, Pinnacle Financial Partners to Merge - Atlanta Business Chronicle

GEORGIA AND TENNESSEE, JUL 24 – The $8.6 billion all-stock merger will create a $116 billion-asset bank with projected 21% earnings per share growth and $250 million in cost savings, focusing on fast-growing Southeast markets.

  • Two banks headquartered in Nashville and Columbus have revealed plans for an $8.6 billion all-stock merger, forming a leading regional financial institution in the Southeastern United States.
  • The merger responds to a previously sidelined wave of regional deals now moving forward amid expectations of a better economic and regulatory environment.
  • The combined company will operate under the Pinnacle name, with headquarters moved to Atlanta, Kevin Blair as president and CEO, and Terry Turner as chairman.
  • The deal values Synovus shares at $61.18, implies a roughly 10% premium, and will result in Pinnacle shareholders owning 51.5% of the combined bank.
  • The transaction, expected to close in early 2026 subject to approvals, is projected to achieve $250 million in cost savings and maintain leadership in key markets.
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17 Articles

Alabama LiveAlabama Live
Center

2 Southern regional banks are merging in blockbuster $8.6 billion deal

The deal creates the highest-performing regional bank focused on the fastest-growth markets in the Southeast.

·Alabama, United States
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BloombergBloomberg
Lean Left

Pinnacle Deal With Synovus Sparks Questions on Talent Retention

Pinnacle Financial Partners Inc., which has had success luring talent from rivals disrupted by mergers in recent years, raised similar concerns about its own prospects after announcing the biggest regional bank deal so far this year.

·United States
Read Full Article
News & RecordNews & Record
Lean Left

Pinnacle Financial plans to buy Synovus in $7.74 billion bank deal

Pinnacle Financial Partners has a major presence in the Triad with eight branches in High Point, three in Greensboro, two each in Asheboro, Lexington and Winston-Salem, and one each in Burlington, Kernersville and Thomasville.

·Cherokee County, United States
Read Full Article
bankingdive.combankingdive.com
Center

Pinnacle, Synovus to combine in $8.6B deal

Synovus had been the subject of merger rumors earlier in the week. The deal could stand as a test case for banks primed to cross the $100 billion-asset threshold amid expected Trump-era deregulation.

Read Full Article
Nashville PostNashville Post
Center

Pinnacle preps for $8.6B merger

Nashville financial company, Georgia's Synovus will combine to yield Southeast's highest-performing' regional bank

Read Full Article
The Business JournalsThe Business Journals
Center

Synovus, Pinnacle Financial Partners to merge - Atlanta Business Chronicle

·United States
Read Full Article
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U.S. News broke the news in New York, United States on Thursday, July 24, 2025.
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