Pinnace-Synovous merger closes: Atlanta gains $117B banking leader
The $8.6 billion deal first announced last summer finalizes today, cementing Atlanta's role as a Southeast banking powerhouse with $117B in assets and dual-brand operations through 2026.
The $8.6 billion deal first announced last summer finalizes today, cementing Atlanta’s role as a Southeast banking powerhouse with $117B in assets and dual-brand operations through 2026.
ATLANTA, GA – Pinnacle Financial Partners and Synovus Financial Corp. have finalized their transformative $8.6 billion all-stock merger, first announced last summer, creating a Southeast banking giant with $117 billion in assets. The holding company merger closed on January 1, 2026, followed by the bank merger today, after securing shareholder approval on November 6, 2025, and federal regulatory clearances in late November.
Merger Milestones and Structure
Synovus shareholders received 0.5237 shares of new Pinnacle common stock for each Synovus share held, with Pinnacle shareholders maintaining one-for-one continuity; NYSE trading under “PNFP” began today, delisting the old “SNV” ticker. The combined Pinnacle Financial Partners, Inc., now headquartered as a Georgia corporation in Atlanta for holding company purposes, while operational HQ stays in Nashville.
Regional Impact and Next Steps
This positions Pinnacle among the top U.S. regional banks, enhancing services across Georgia, Tennessee, and the Southeast with expanded branches and digital capabilities. Both brands will coexist through 2026 before full Pinnacle rebranding in early 2027, promising growth synergies for Atlanta’s financial ecosystem.
