$8.6B merger will result in holding company establishing Atlanta headquarters, with bank operations based in Nashville.
Columbus-based Synovus Financial Corp. will combine with Nashville-based Pinnacle Financial Partners, bringing a corporate headquarters to Atlanta. Synovus currently has an office tower in Cobb County. (File/AJC)
Two Southeastern regional banks will combine in the largest bank merger of the year, bringing a new corporate headquarters to Atlanta but sparking concerns about growth in another major Georgia city.
Columbus-based Synovus Financial Corp. said July 25 it will combine with Nashville-based Pinnacle Financial Partners in an all-stock transaction valued at $8.6 billion.
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Credit: Miguel Martinez-Jimenez
Kevin Blair, chairman, CEO and president of Synovus, will become CEO and president of the combined company after the merger with Pinnacle.(Miguel Martinez/AJC)
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Calling Columbus home
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Credit: Courtesy W.C. Bradley Real Estate
This rendering shows Riverfront Place in Columbus, a mixed-use project that is anchored by Synovus. (Courtesy of W.C. Bradley Real Estate)
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Amy Wenk is the consumer brands reporter for the AJC.
Zachary Hansen, a Georgia native, covers economic development and commercial real estate for the AJC. He’s been with the newspaper since 2018 and enjoys diving into complex stories that affect people’s lives.
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