Pinnacle Financial Partners to combine with Synovus Financial Corp. into one company
The combined company will use the Pinnacle Financial Partners and Pinnacle Bank name and brand, the two companies announced July 24 in a news release. Pinnacle's current President and CEO Terry Turner will serve as chairman of the Board of Directors, while Synovus President and CEO Kevin Blair will remain in those roles for the combined company.
The deal is expected to close in early 2026. Pinnacle Financial Partners, the bank holding company, will have its corporate headquarters in Atlanta, and Pinnacle Bank's headquarters will be in Nashville.
Ultimately, this will create "the highest-performing regional bank focused on the fastest-growth markets in the Southeast," according to the news release.
Knox News awarded the Knoxville side of Pinnacle Financial Partners first place among midsize companies in the 2025 Top Workplaces list.
'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,' Turner said in the release. 'We are pleased to join forces with Synovus in a combination that prioritizes client experience and inspires associates.
"By combining Pinnacle's operating model, which is anchored in a disciplined entrepreneurial spirit, with Synovus' talented team and strong presence in attractive and fast-growing Southeastern markets, we will extend our legacy of building share in the most attractive markets nationally."
Shareholders in either company will have their shares converted. Synovus shareholders will own just under half of the combined company while Pinnacle shareholders will own more than half.
Pinnacle Financial Partners got its start in 2000 in downtown Nashville, and has sincegrown into to the second-largest bank holding company headquartered in Tennessee, with approximately $54.8 billion in assets.
Keenan Thomas reports on higher education for the Knox News business growth and development team. You can reach him by email at keenan.thomas@knoxnews.com.
Support strong local journalism and unlock premium perks at knoxnews.com/subscribe.
This article originally appeared on Knoxville News Sentinel: Pinnacle Financial Partners, Synovus Financial Corp. will combine
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Synovus CEO says ballpark name change coming, just not sure when that will be
COLUMBUS, Ga. () — It was announced late last week that Columbus Synovus will be merging with Pinnacle Financial Partners. One of the questions that has been repeatedly asked is what will happen to the name of the ballpark with the Double-A Columbus Clingstones play? WRBL News 3 asked Synovus Chairman, President and CEO Kevin Blair that question during an exclusive interview on Friday. He said the merger process was at the very beginning, and it was too early for a definitive answer. 'Obviously, if we are rebranding Pinnacle, we want to make that park Pinnacle Park. It is some alliteration to it,' Blair said. The merger with Nashville-based Pinnacle is expected to be finalized in the first quarter of 2026. At that time, Synovus will take the name Pinnacle Bank. Blair, who will be the CEO and president of the merged companies, says the name rebranding process could take 12-14 months, which means it will likely be completed in 2027. Synovus purchased the naming rights for what was formerly Golden Park from the Clingstones ownership group, Diamond Baseball Holdings, last year. The city of Columbus invested $50 million to overhaul the park for the Atlanta Braves affiliate. This is the Clingstones first season in Synovus Park. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
a day ago
- Yahoo
Sling Pilot Academy Partners with Sallie Mae to Support Aspiring Aviators with Access to Financing Solutions
LOS ANGELES, July 26, 2025 /PRNewswire/ -- Sling Pilot Academy, one of the nation's fastest-growing flight schools, announced a partnership today with Sallie Mae®, a leader in private student lending and education financing to provide flexible financing options for students pursuing careers in aviation. Through this partnership, prospective pilots attending Sling Pilot Academy will now have access to Sallie Mae's Airline Career Loan®, designed specifically for pilot training programs. This collaboration aims to make pilot training more accessible by helping students manage the cost of tuition and accelerate their path to the flight deck. Sling Pilot Academy, located in Southern California with 4 locations, offers an accelerated airline pilot training program that prepares students to become professional pilots in as little as 9 to 12 months. The academy is known for its innovative approach to flight instruction, including advanced aircraft, immersive curriculum, supportive community, and strong airline career pathways. "At Sling Pilot Academy, we are committed to lowering the barriers to entry for aspiring pilots," said Matt Liknaitzky, Co-CEO at Sling Pilot Academy. "By teaming up with Sallie Mae, we're not just expanding financial accessibility—we're investing in the future of aviation." For more information about Sallie Mae's financing options and Sling Pilot Academy's programs, visit: Media Contacts:Jay PriceDirector of Marketing & 424.203.4795 View original content to download multimedia: SOURCE Sling Pilot Academy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
a day ago
- Business Upturn
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ITOS, CIO, SNV on Behalf of Shareholders
NEW YORK, July 26, 2025 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: iTeos Therapeutics, Inc. (NASDAQ: ITOS)'s sale to Concentra Biosciences, LLC. Under the terms of the proposed transaction, Concentra will acquire iTeos for $10.047 in cash per share, plus one non-transferable contingent value right, representing the right to receive: (i) 100% of the closing net cash of iTeos in excess of $475 million; and (ii) 80% of any net proceeds received from any disposition of certain of iTeos' product candidates that occurs within six months following the closing. If you are an iTeos shareholder, click here to learn more about your rights and options. City Office REIT, Inc. (NYSE: CIO)'s sale to MCME Carell Holdings, LP and MCME Carell Holdings, LLC for $7.00 per share in cash. If you are a City Office shareholder, click here to learn more about your legal rights and options. Synovus Financial Corp. (NYSE: SNV)'s merger with Pinnacle Financial Partners. Under the terms of the proposed transaction, the shares of Synovus and Pinnacle shareholders will be converted into shares of a new Pinnacle parent company based on a fixed exchange ratio of 0.5237 Synovus shares per Pinnacle share. Upon closing of the proposed transaction, Synovus shareholders will own approximately 48.5% of the combined company. If you are a Synovus shareholder, click here to learn more about your legal rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLCDaniel Sadeh, Halper, World Trade Center85th FloorNew York, NY 10007(212) 763-0060 [email protected] [email protected]
