Pinnacle Financial Services, Synovus merging in $8.6 billion deal

The combined bank will operate under the Pinnacle name.

  • By Mark Basch
  • | 8:43 p.m. July 24, 2025
  • | 0 Free Articles Remaining!
Pinnacle Financial Partners and Synovus are merging.
Pinnacle Financial Partners and Synovus are merging.
  • Business
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Pinnacle Financial Partners and Synovus Financial Corp., two Southeastern banking companies with branches in the Jacksonville market, said July 24 they are merging in an all-stock deal valued at $8.6 billion.

The combined bank will operate under the Pinnacle name.

Synovus CEO Kevin Blair will become CEO of the merged company. Pinnacle CEO Terry Turner will be chairman of the board.

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