Two major Southeastern banks are merging; what it means for Birmingham

On July 24, Pinnacle Financial Partners and Synovus Financial Corp announced their plans to merge into a single combined company under the Pinnacle Financial Partners and Pinnacle Bank name and brand.

According to a press release, the merger will create the highest-performing regional bank focused on the fastest-growing markets in the Southeast.

Pinnacle Financial Partners and Synovus Financial Corp are now one entity

Founded in Nashville, TN in 2000, Pinnacle Financial Partners has grown into the second-largest Tennessee-based bank holding company, with roughly $54.8 billion in assets as of June 2025.

“Over the last 25 years, we have attracted extraordinary talent to a bank that closely partners with its clients, developing ‘raving fans’ and delivering industry-leading growth. We are pleased to join forces with Synovus in a combination that prioritizes client experience and inspires associates.”…

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