Pinnacle Financial Partners (NYSE:PNFP) officially launched as a newly combined entity today, following the successful completion of its multi-billion dollar merger with Synovus Financial Corp.
The transaction, which closed its holding company phase on New Year’s Day, establishes a formidable regional competitor in the high-growth Southeast and Atlantic markets.
The combined firm enters 2026 with an estimated pro forma $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans, based on September 2025 data.
This scale positions the new Pinnacle among the top 20 largest banks in the United States.
Under a unique dual-headquarters arrangement designed to retain regional influence, the bank holding company is based in Atlanta, Georgia, while the primary banking operations are headquartered in Nashville, Tennessee.
The merger brings together two distinct but complementary banking cultures.
Kevin Blair, formerly President and CEO of Synovus, assumes the role of President and CEO of the combined Pinnacle Financial Partners.
Terry Turner, the co-founder and former CEO of legacy Pinnacle, now serves as the non-executive Chairman of the Board.
The integration team, led by Chief Banking Officer Rob McCabe, has outlined a "best-of-both-worlds" strategy.
The bank will leverage Pinnacle’s high-touch recruiting and advisory model alongside Synovus’ deep technical capabilities and commercial specialties.
For the duration of 2026, clients will continue to see both the Pinnacle and Synovus brands across the firm’s 400+ locations, with a full brand and systems consolidation slated for early 2027.