Synovus Financial Acquired by Pinnacle Financial Partners | Financial Services M&A Deal

Pinnacle Financial Partners has completed the acquisition of Synovus Financial, a banking business in Georgia, for $1.00. Synovus Financial provides retail and commercial banking services, and the banking acquisition expands Pinnacle Financial Partners’ footprint across Georgia. Pinnacle Financial Partners acquisitions combine financial services operations under a strategic acquisition model, supporting a broader customer base and deposit franchise. The merger acquisition is a strategic acquisition by a strategic buyer, with pro forma condensed combined financial information prepared under U.S. GAAP for the financial services M&A integration.