Image Source: Pinnacle Financial Partners
The pinnacle bank and synovus bank merger is set to reshape the financial landscape in the Southeast, following the announcement of a definitive agreement between Pinnacle Financial Partners and Synovus Financial Corp. on July 24, 2025. This all-stock merger, valued at approximately $8.6 billion, aims to create the highest-performing regional bank in one of the fastest-growing markets in the United States.
Spearheaded by two of the industry’s leading executives, Kevin Blair, currently the CEO of Synovus, will take the helm as President and CEO of the newly formed entity, with Terry Turner, the current CEO of Pinnacle, serving as the Chairman of the Board. This strategic partnership aligns with their shared vision of delivering the best customer service and maintaining deep community roots.
Transformative Vision for Growth
This merger aims to capitalize on the strengths of both organizations. As stated by Turner, “We are pleased to join forces with Synovus in a combination that prioritizes client experience and inspires associates.” The blend of Pinnacle’s disciplined entrepreneurial model with Synovus’ expansive regional presence is expected to drive significant market share growth.
- Expected EPS Accretion: Over 20% in operating earnings per share by 2027.
- Tax-Free Structure: Designed to benefit both sets of shareholders.
- Fair Exchange Rate: Synovus shareholders will receive shares valued at a 10% premium over the unaffected stock price.
Community Engagement and Employee Satisfaction
The new merged company not only focuses on financial success but is also committed to becoming a model employer. Pinnacle ranks as the number one bank in the Nashville-Murfreesboro-Franklin MSA, while Synovus has been recognized as a Great Place to Work by numerous publications. The merger is expected to enhance the already high associate satisfaction levels, ensuring that employees are engaged and motivated.
The combined entity is projected to have a leadership team with over 120 years of collective experience in the financial services sector, which is critical for navigating the complexities of this new, larger organization.
Strategic Advantages of the Merger
The pinnacle bank and synovus bank merger is not just a financial transaction but a strategic maneuver aimed at capturing growth in two influential Southern capitals. The combined organization aims to extend its reach in high-growth metropolitan areas, providing a robust footprint in the Southeast.
- Largest bank holding company in Georgia and Tennessee.
- Market share in the top five positions across numerous key metropolitan statistical areas.
- Commitment to community engagement through significant philanthropic efforts and development initiatives.
Both companies have demonstrated dedication to their communities, and that commitment will be upheld during and after the merger. The new organization plans to continue its support for affordable housing, small business initiatives, and other crucial local efforts.
Next Steps and Timelines
The transaction is anticipated to close in the first quarter of 2026, pending regulatory and shareholder approvals. By aligning on all critical operational elements beforehand, both Pinnacle and Synovus are positioning themselves for a seamless integration process. Regular updates will be available through public communications to keep stakeholders informed as the merger progresses.
FAQs
What is the primary goal of the Pinnacle Bank and Synovus Bank merger?
The primary aim is to create the highest-performing regional bank in the Southeast, focusing on growth in rapidly expanding markets and enhancing customer service.
When is the expected closing date for the merger?
The merger is projected to close in the first quarter of 2026, pending regulatory and shareholder approvals.
Who will lead the merged company?
Kevin Blair, the CEO of Synovus, will serve as President and CEO, while Terry Turner, the CEO of Pinnacle, will take on the role of Chairman of the Board.
How will this merger impact employees?
The merged entity aims to foster a strong workplace culture, maintaining high levels of associate satisfaction and engagement throughout the transition.
What community initiatives will continue post-merger?
The combined bank will uphold its commitment to community involvement through philanthropic efforts, focusing on affordable housing and small business support.
