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Synovus Financial Corp and Pinnacle Financial Partners Announce Merger
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Synovus Financial Corp and Pinnacle Financial Partners announced a merger to form Pinnacle Financial Partners, Inc. The new entity, Newco, will have combined assets of $117 billion as of September 30, 2025. The merger aims to enhance scale, profitability, and liquidity, with expected annual cost savings of $250 million pre-tax.
On December 1, 2025, Synovus Financial Corp and Pinnacle Financial Partners announced a merger to form a new entity named Pinnacle Financial Partners, Inc.
Key Highlights:
- Merger involves Synovus and Pinnacle merging into a new entity, Newco.
- Newco will be jointly owned and named Pinnacle Financial Partners, Inc.
- Pro forma financials show combined assets of $117 billion as of September 30, 2025.
- Merger aims to enhance scale, profitability, and liquidity for both entities.
- Expected cost savings of approximately $250 million pre-tax annually.
Original SEC Filing: SYNOVUS FINANCIAL CORP [ SNV ] - 8-K - Dec. 01, 2025
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