Pinnacle Financial Partners Inc. and Synovus Financial Corp. have announced a definitive agreement to merge in an all-stock transaction valued at $8.6 billion. The combination aims to create the highest-performing regional bank in the Southeast, focusing on the region's fastest-growth markets. The transaction is anticipated to close in the first quarter of 2026. Upon completion, the combined entity will operate under the Pinnacle Financial Partners and Pinnacle Bank name and brand. Kevin Blair, currently the Chairman, CEO, and President of Synovus, will become the President and CEO of the new company, while Terry Turner, President and CEO of Pinnacle, will serve as Chairman of the Board of Directors. Both companies emphasize their commitment to maintaining strong local presences and supporting community initiatives across the Southeast.
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