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Pinnacle-Synovus Merger: Banking Growth and Trading Implications
Pinnacle and Synovus complete merger, creating a $117B Southeast regional bank “growth champion”
Intro
Today’s headline is a big one for US regional banks: Pinnacle Financial Partners has completed its merger with Synovus, creating a larger Southeast banking platform with more scale, more locations, and a longer runway to compete for commercial clients.
What Happened
The deal is now officially closed. The combined company operates under the Pinnacle Financial Partners, Inc. name.
The combined bank will run both the Pinnacle and Synovus brands for now, with a planned consolidation to the…
The skinny
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