Pinnacle Financial Partners and Synovus Financial has announced an $ 8.6 Billion All-Stock Merger. This Deal Will Create One of the Largest and Fast-Growing Regional Banks in the Southeast.
Pinnacle Shareholders Will Own About 51.5% of the New Company, While Synovus Shareholders Will Own 48.5%. The Combined Bank Will Operate Under The Names Pinnacle Financial Partners and Pinnacle Bank. The Goal is To Make This New Bank the Top Financial Institution in Tennessee and Georgia.
Kevin Blair, The Current Ceo of Synovus, Will Become The President and Ceo. Terry Turner, The Ceo of Pinnacle, Will Take On The Role of Chairman of the Board.
Bush Companies’ Boards have unanimously approved the transaction, which offers at 10% premium to synovus shareholders and is set up to be tax-free. After The Merger, The New Institution Will Have Over $ 115 Billion In Assets and Will Serve Several Growing Markets in the Southeast.
Management Expects The Deal To Improve Earnings Significantly, With At Least 20% Growth in Earnings Per Share and a Payback PERIBIBL FOR TANGIBLE BOOK VALUE OF JUS 2.6 YEARS. Both Companies Highlight their Shared Goals in How The Operate, Their Leadership, and Their Commitment to Keeping Talented Employees in the Region.
The New Bank Will Focus on Provideing Excellent Customer Service and Rensuring Employee satisfaction While continuous songs Growth in Dynamic Markets.
The Merger is expectted to close in the first quarter of 2026, Pending Shareholder Approval and Regulatory Clearance. This Move is significant as you eat at a time of increased regulatory support for bank mergers and micht indicate to Trend of Further Mergers in the Us Banking Industry.
