Jacksonville, Florida, January 3, 2026
Pinnacle Financial Partners and Synovus Financial Corp. have completed their merger, forming a significant regional bank with around $117.2 billion in assets. The merger, valued at $8.6 billion, was finalized on January 1, 2026, marking the creation of one of the nation’s largest regional banks. Under the Pinnacle brand, the merged entity will enhance banking services across nine Southeastern and Atlantic-coast states, including two branches in Jacksonville, with a full brand consolidation expected by early 2027.
Pinnacle and Synovus Complete Merger, Forming Major Regional Bank
Jacksonville, Florida – Pinnacle Financial Partners and Synovus Financial Corp. have finalized their merger, creating a significant regional banking entity with approximately $117.2 billion in assets.
Merger Details
The merger, valued at $8.6 billion, was completed on January 1, 2026, following shareholder approvals on November 6, 2025, and regulatory approvals on November 25, 2025. The combined bank will operate under the Pinnacle Financial Partners name and brand.
Leadership and Operations
Kevin Blair, CEO of Synovus, will serve as President and CEO of the combined company, while Terry Turner, CEO of Pinnacle, will be Chairman of the Board. The merger brings together more than 400 locations across nine Southeastern and Atlantic-coast states.
Impact on Jacksonville
In the Jacksonville metropolitan area, the combined bank will operate two branches. The bank plans to consolidate under the Pinnacle brand in early 2027.
Background
The merger was announced on July 24, 2025, with the goal of creating a leading regional bank in the Southeast. The combined entity is now one of the nation’s largest regional banks, with an estimated $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans, based on September 30, 2025, financials.
Stock Information
Shares of the new Pinnacle began trading on the New York Stock Exchange on January 2, 2026, under the ticker “PNFP.”
Future Plans
Integration teams are working closely to bring systems, processes, and people under the Pinnacle brand throughout 2026, with full system and brand conversions expected in the first half of 2027.
About the Combined Company
The combined firm is now one of the nation’s largest regional banks, with an estimated $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans, based on September 30, 2025, financials.
Frequently Asked Questions
What is the combined asset size of Pinnacle and Synovus?
The combined firm has approximately $117.2 billion in assets.
When did the merger between Pinnacle and Synovus take place?
The merger was completed on January 1, 2026.
Who is leading the combined company?
Kevin Blair, CEO of Synovus, will serve as President and CEO, while Terry Turner, CEO of Pinnacle, will be Chairman of the Board.
How many branches will the combined bank have in Jacksonville?
The combined bank will operate two branches in the Jacksonville metropolitan area.
When will the bank consolidate under the Pinnacle brand?
The bank plans to consolidate under the Pinnacle brand in early 2027.
Key Features of the Merger
| Feature | Details |
|---|---|
| Combined Assets | Approximately $117.2 billion |
| Completion Date | January 1, 2026 |
| Leadership | Kevin Blair as President and CEO; Terry Turner as Chairman of the Board |
| Jacksonville Branches | Two branches operating in the Jacksonville metropolitan area |
| Brand Consolidation | Planned for early 2027 under the Pinnacle brand |
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