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Pinnacle Financial Partners, Synovus Financial Secure US Federal Reserve Approval for Planned Merger

BY MT Newswires | ECONOMIC | 11/26/25 05:42 AM EST

05:42 AM EST, 11/26/2025 (MT Newswires) -- Pinnacle Financial Partners (PNFP) and Synovus Financial (SNV) said late Tuesday their planned merger received regulatory approval from the US Federal Reserve.

Shareholders of both companies already approved the merger on Nov. 6 and the transaction is now expected to close on Jan. 1, 2026, the companies said.

The combined company will have about $116 billion in assets, with the holding company based in Atlanta, Georgia, and Pinnacle Bank based out of Nashville, Tennessee, according to the companies.

Integration work is currently underway, with full system and brand conversion expected to take place in H1 2027, the companies said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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