Pinnacle Financial Partners to combine with Synovus Financial Corp. into one company
The combined company will use the Pinnacle Financial Partners and Pinnacle Bank name and brand, the two companies announced July 24 in a news release. Pinnacle's current President and CEO Terry Turner will serve as chairman of the Board of Directors, while Synovus President and CEO Kevin Blair will remain in those roles for the combined company.
The deal is expected to close in early 2026. Pinnacle Financial Partners, the bank holding company, will have its corporate headquarters in Atlanta, and Pinnacle Bank's headquarters will be in Nashville.
Ultimately, this will create "the highest-performing regional bank focused on the fastest-growth markets in the Southeast," according to the news release.
Knox News awarded the Knoxville side of Pinnacle Financial Partners first place among midsize companies in the 2025 Top Workplaces list.
'Over the last 25 years, we have attracted extraordinary talent to a bank that closely partners with its clients, developing 'raving fans' and delivering industry-leading growth,' Turner said in the release. 'We are pleased to join forces with Synovus in a combination that prioritizes client experience and inspires associates.
"By combining Pinnacle's operating model, which is anchored in a disciplined entrepreneurial spirit, with Synovus' talented team and strong presence in attractive and fast-growing Southeastern markets, we will extend our legacy of building share in the most attractive markets nationally."
Shareholders in either company will have their shares converted. Synovus shareholders will own just under half of the combined company while Pinnacle shareholders will own more than half.
Pinnacle Financial Partners got its start in 2000 in downtown Nashville, and has sincegrown into to the second-largest bank holding company headquartered in Tennessee, with approximately $54.8 billion in assets.
Keenan Thomas reports on higher education for the Knox News business growth and development team. You can reach him by email at keenan.thomas@knoxnews.com.
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This article originally appeared on Knoxville News Sentinel: Pinnacle Financial Partners, Synovus Financial Corp. will combine
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