The proposed merger between Pinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) has received federal bank regulatory approval from the Board of Governors of the Federal Reserve System. With shareholders from both companies having already approved the deal on 6 November 2025, the firms anticipate the merger will be completed on 1 January 2026. The closing is subject to the satisfaction of remaining customary conditions. The combined company will boast US$116 billion in assets and be headquartered in two locations: the holding company in Atlanta, GA, and Pinnacle Bank in Nashville, TN, operating as a Tennessee state-chartered bank and member of the Federal Reserve System. “Federal bank regulatory approval brings us another step closer to combining two strong organisations with a shared commitment to people,” says Kevin Blair, Synovus CEO and who will be president and CEO 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.” Terry Turner, Pinnacle President and CEO, who will be chairman of the board for post-close Pinnacle, says he is “incredibly proud of the teams on both sides of this deal who are working in lockstep to bring us together.” He adds: “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 currently working towards the closing date with clear plans for how the firm will operate on ‘Day One’. Full system and brand conversions are expected to take place in the first half of 2027, with Synovus locations continuing to operate under the Synovus brand until then.
