Add-on Acquisition • Financial Services

Pinnacle Financial Partners Acquires Synovus

On July 24, 2025, Pinnacle Financial Partners acquired financial services company Synovus

Acquisition Context

This is Pinnacle Financial Partners’ 7th transaction in the Financial Services sector.
This is Pinnacle Financial Partners’ 9th transaction in the United States.
This is Pinnacle Financial Partners’ 1st transaction in Georgia.

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M&A Deal Summary
Date	July 24, 2025
Target	Synovus
Sector	Financial Services
Buyer(s)	Pinnacle Financial Partners
Deal Type	Add-on Acquisition
Advisor(s)	Morgan Stanley Keefe, Bruyette & Woods (Financial) Wachtell, Lipton, Rosen & Katz (Legal)

Target Company

Synovus

Columbus, Georgia, United States

Synovus is a financial services company with approximately $27 billion in assets. Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 29 locally branded divisions, 280 offices, and more than 400 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus was founded in 1888 and is based in Columbus, Georgia.

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