Reviewed by: Pat Byington
Two major Southeastern banks are merging; what it means for Birmingham
Reading time: 3 minutes
On July 24, Pinnacle Financial Partners and Synovus Financial Corp announced their plans to merge into a single combined company under the Pinnacle Financial Partners and Pinnacle Bank name and brand.
According to a press release, the merger will create the highest-performing regional bank focused on the fastest-growing markets in the Southeast.
Pinnacle Financial Partners and Synovus Financial Corp are now one entity
Founded in Nashville, TN in 2000, Pinnacle Financial Partners has grown into the second-largest Tennessee-based bank holding company, with roughly $54.8 billion in assets as of June 2025.
“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. We are pleased to join forces with Synovus in a combination that prioritizes client experience and inspires associates.”
Terry Turner, President and Chief Executive Officer of Pinnacle
Pinnacle currently operates seven locations in the Birmingham area, including a new location in Mountain Brook’s English Village.
- Vestavia — 2039 Canyon Road, Birmingham, AL 35216
- Gardendale — 101 Pinnacle Drive, Gardendale, AL 35071
- Trussville — 2064 Gadsden Highway, Birmingham, AL 35235
- Sumiton — 790 Highway 78 East, Sumiton, AL 35148
- Jasper — 100 22nd Avenue East, Jasper, AL 35501
- Mountain Brook — 2020 Cahaba Road, Mountain Brook, AL 35223
- Jasper (Main Office) — 1811 Second Avenue, Jasper, AL 35501
Pinnacle will be joining forces with the Synovus Financial Corp., a commercial and consumer banking company based in Columbus, Georgia. Dating back to 1888, Synovus has approximately $61 billion in assets and 244 branches in Georgia, Alabama, Florida, South Carolina and Tennessee, including six in Birmingham:
- Inverness Branch and ATM — 102 Inverness Corners, Birmingham, AL, 35242
- City Center Branch and ATM — 201 20th Street North, Birmingham, AL, 35203
- Homewood (Southbridge) Branch and ATM — 2222 Woodcrest Place, Birmingham, AL, 35209
- 20 Midtown Branch and ATM — 237 20th Street South, Birmingham, AL, 35233
- UAB ATM — 501 Richard Arrington Jr Blvd. S., Birmingham, AL, 35233
- Shades Creek Parkway Branch and ATM — 800 Shades Creek Parkway, Birmingham, AL, 35209
“We are two high-performing institutions with one powerful future. Our belief in the success of this merger is grounded in a decade of strong results and proven execution from both companies, each delivering top-tier earnings and total shareholder returns.
Building on a rich tradition of service and accelerating momentum, Synovus is well-positioned for growth. Together with Terry [Turner] and the Pinnacle team, we are primed for continued outperformance, as we are not just combining forces – we are multiplying our impact.”
Kevin Blair, Chairman, Chief Executive Officer and President of Synovus
What does this mean for Birmingham?
Pending required regulatory approvals, Pinnacle and Synovus expect the transaction to close in the first quarter of 2026. Synovus branches in Birmingham will begin to transition into the Pinnacle Bank brand, although each location’s team is expected to stay the same. Customers of both banks can expect access to a broader, combined range of financial services, digital tools and wealth management options.
What do you think about the Pinnacle and Synovus merger? Tag us @bhamnow to let us know!
