Shareholders of Synovus Financial Corp. and Pinnacle Financial Partners voted to approve the merger on November 6, 2025. In Synovus’s special meeting, 91.5% of votes cast—representing 69.4% of eligible shares—were in favor, while Pinnacle’s meeting saw 92.2% of votes cast, or 73.2% of eligible shares, supporting the deal.
The transaction will combine Synovus’s roughly $61 billion in assets with Pinnacle’s $55 billion, creating a regional bank with about $116 billion in assets. The merger is positioned to expand the combined entity’s footprint across the Southeast, leveraging Synovus’s broad branch network and Pinnacle’s strong urban presence.
Management highlighted expected cost synergies, expanded commercial lending capabilities, and a stronger competitive position against larger national banks as key drivers. Kevin Blair, Synovus CEO, said the partnership would create “the fastest‑growing, most profitable and dynamic regional bank in the country.” Terry Turner, Pinnacle President and CEO, noted that the vote “confirms the value our management and board saw when we announced the deal.”
The parties anticipate regulatory approval and the satisfaction of customary closing conditions before the merger closes in the first quarter of 2026. Integration plans will focus on aligning technology platforms, consolidating branch networks, and leveraging combined talent to accelerate growth in high‑margin commercial segments.
Analysts have noted that the merger offers a compelling scale advantage, but integration risks and leadership transitions remain a concern. The combined entity will need to manage the integration of overlapping systems and cultures while maintaining service quality across a larger geographic footprint.
The approval marks a significant consolidation move in the Southeast banking market, where regional banks are seeking scale to compete with national players. The combined bank’s expanded asset base and diversified loan portfolio position it to pursue growth opportunities in commercial lending and wealth management services.
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