Pinnacle Financial, Synovus shareholders vote in favor of proposed merger

At separate meetings held on Thursday, shareholders of Pinnacle Financial Partners (PNFP) and Synovus Financial Corp. (SNV) approved the proposed merger of the two firms. At the Synovus special meeting, preliminary results showed approximately 91.5% of the votes cast were in favor of the combination, representing approximately 69.4% of the total number of outstanding shares entitled to vote as of Sept. 26, 2025, the record date for the Synovus special meeting. In preliminary results from the Pinnacle special meeting, approximately 92.2% of the votes cast were in favor of the combination, representing approximately 73.2% of the total number of outstanding shares entitled to vote as of Sept. 26, 2025, the record date for the Pinnacle special meeting. The next steps to merger close are regulatory approvals and satisfaction of other customary closing conditions set forth in the merger agreement. While that is pending, the firms’ integration management teams will continue their work building the blueprint for bringing the companies together, including further decisions on organizational charts, benefit plans, technology systems and more. The merger is expected to close in the first quarter of 2026.