Reported 1 day ago
Pinnacle Financial Partners and Synovus Financial have announced a merger in an $8.6 billion all-stock transaction, creating one of the largest regional banks in the southeastern U.S. with over $115 billion in assets. The merger values Synovus shares at $61.18 each, reflecting a 10% premium over its recent closing price. The merger is indicative of a potential increase in bank consolidation in light of a friendlier regulatory environment under the current administration. The deal is expected to finalize in early 2026, pending regulatory approvals.
Source: YAHOO