Two major regional banks in Georgia and Tennessee are combining in the largest bank merger of the year. Columbus-based Synovus and Nashville-based Pinnacle Bank will join in an all-stock transaction valued at $8.6 billion.
The combined companies, which will have $116 billion in total assets and $95 billion in deposits, will operate under the name Pinnacle Financial Partners with its corporate headquarters in Atlanta and banking operations in Nashville.
It’s not clear yet where the headquarters will be located in Atlanta or how many workers it could employ, or the overall impact on the number of employees. The company said it remains committed to employment in Atlanta, Nashville, and Columbus, where Synovus was formed in 1888.
The merger is expected to close in the first quarter of 2026, subject to regulatory approvals, shareholder approvals, and other closing conditions.
