Georgia’s Synovus Financial to combine with competitor

Georgia's Synovus Financial to combine with competitor


Business

The combined bank holding company will be based in Atlanta.

After Synovus Financial merges with Pinnacle, the new company's headquarters will be in Atlanta. (File/AJC)

After Synovus Financial merges with Pinnacle, the new company’s headquarters will be in Atlanta. (File/AJC)

One of Georgia’s largest financial institutions will merge with a Southeastern competitor, a deal that will bring a new corporate headquarters to Atlanta.

Columbus-based Synovus Financial Corp. announced it will combine with Nashville-based Pinnacle Financial Partners in an all-stock transaction valued at $8.6 billion. The deal was announced Thursday afternoon.

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Amy Wenk is the consumer brands reporter for the AJC.



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