Synovus Part of $8.6 Billion Bank Merger

Synovus part of $8.6 billion bank merger

Major changes are coming to Synovus Bank, which has branches in Montgomery, Prattville and elsewhere in Alabama. Synovus Bank is merging with Pinnacle Bank in a deal valued at $8.6 billion. Synovus is based in Columbus, Georgia, while Pinnacle is headquartered in Nashville, Tennessee. The merged bank will take the Pinnacle name. There’s no word on any branch closures. The deal is expected to be completed early next year, giving the merged bank a…

Why Pinnacle and Synovus shares are trading lower - Business North Carolina

Between 2000 and 2024, shares of Nashville-based Pinnacle Financial Partners gained more than 3,000%, while the KBW NASDAQ Bank Index barely budged. Delivering like that over 25 years gives founders Richard McCabe and Terry Turner plenty of credibility, even if their latest decision isn’t impressing some investors. Last week, Pinnacle agreed to an $8.6 billion […]