Combined bank will manage over $115 billion in assets, bringing thousands of jobs and a new Fortune 500 contender to Atlanta
Atlanta, Georgia – Pinnacle Financial Partners and Synovus Financial have announced an $8.6 billion merger, set to create a major new financial institution in Atlanta. Together, the combined bank will manage more than $115 billion in assets and operate roughly 400 branches across nine states. With their headquarters in Atlanta, the new company is set to become one of the area’s largest employers and could join the Fortune 500 list.
In the 2025 listing of Fortune, Synovous was listed in the top 1000 with a placement at 854. Pinnacle was not listed on Fortune’s top 1000 companies, but it was listed on “Fortune 100 Best Companies to Work For” at #9.
The current CEO of Synovus, Kevin Blair, will serve as CEO of the merged bank. While Terry Turner, Pinnacle’s CEO, will assume the new role of chairman. Leaders from both organizations emphasize that the merger aims to offer enhanced services to customers throughout Atlanta and the Southeast while ensuring the bank remains competitive with national players.
The merger is expected to be complete in early 2026, pending regulatory and shareholder approval.