05:42 AM EST, 11/26/2025 (MT Newswires) -- Pinnacle Financial Partners ( PNFP ) and Synovus Financial ( SNV ) said late Tuesday their planned merger received regulatory approval from the US Federal Reserve.

Shareholders of both companies already approved the merger on Nov. 6 and the transaction is now expected to close on Jan. 1, 2026, the companies said.

The combined company will have about $116 billion in assets, with the holding company based in Atlanta, Georgia, and Pinnacle Bank based out of Nashville, Tennessee, according to the companies.

Integration work is currently underway, with full system and brand conversion expected to take place in H1 2027, the companies said.