Pinnacle Financial Partners and Synovus to Combine, Creating Southeast Growth Champion

Merger Details: Pinnacle Financial Partners and Synovus Financial Corp. will combine in an $8.6 billion all-stock transaction.

Leadership: Kevin Blair, CEO of Synovus, will become CEO of the combined company, while Terry Turner, CEO of Pinnacle, will serve as Chairman.

Shareholder Ownership: Synovus shareholders will own approximately 48.5%, and Pinnacle shareholders will own approximately 51.5% of the combined entity.

Financial Impact: The transaction is expected to be approximately 21% accretive to Pinnacle’s estimated operating EPS in 2027, with a 2.6-year tangible book value per share earnback period.

Strategic Footprint: The merger creates the largest bank holding company in Georgia and the largest bank in Tennessee, focusing on high-growth markets in the U.S. Southeast.

Market Leadership:: The merger establishes the largest bank holding company in Georgia and the largest bank in Tennessee, securing a top-5 position in 10 of their top-15 Southeastern metropolitan statistical areas.

Cultural Alignment:: Both companies have strong workplace reputations, ranking high in associate satisfaction and customer service.

Operating Model:: The combined entity will maintain a decentralized operating model, empowering local leaders and fostering strong client relationships.

Leadership Experience:: The leadership team brings over 120 years of combined experience in financial services, ensuring a smooth transition and effective management of the larger institution.

For Investors:: Monitor the progress of regulatory approvals and shareholder votes. Understand the long-term EPS accretion and tangible book value earnback projections.

For Customers:: Expect a seamless transition with continued high-quality service and access to a broader range of financial products.

Shareholders:: Both Pinnacle and Synovus shareholders will see their shares converted into shares of the new Pinnacle parent company.

Employees:: The merger is expected to retain strong local presences and maintain community commitments, ensuring job stability and philanthropic efforts.

A:: The merger is valued at $8.6 billion based on the unaffected closing prices of the two companies as of July 21, 2025.

A:: Kevin Blair, CEO of Synovus, will serve as President and CEO, while Terry Turner, CEO of Pinnacle, will become Chairman of the Board.

A:: The transaction is expected to be approximately 21% accretive to Pinnacle’s estimated operating EPS in 2027, with a 2.6-year tangible book value per share earnback period.

The merger between Pinnacle Financial Partners and Synovus creates a dominant regional bank in the Southeast.

Shareholders can expect long-term value creation through EPS accretion and market leadership.

Customers should anticipate continued high-quality service and a broader range of financial products.

The combined company is committed to maintaining strong community ties and philanthropic efforts.