11:29 AM EST, 11/06/2025 (MT Newswires) -- Pinnacle Financial Partners ( PNFP ) and Synovus Financial ( SNV ) said Thursday that shareholders of both companies have approved their proposed $8.6 billion all-stock merger deal.

Preliminary results showed that 91.5% and 92.2% of the votes cast, respectively, at the Synovus and Pinnacle special meetings were in favor of the merger, the companies said.

The next steps include regulatory approvals and standard closing conditions, they said.

The merger is expected to close in Q1 2026, they added.

Shares of Pinnacle were down 1.5%, while Synovus fell 1.4% in recent trading.

Price: 85.10, Change: -1.34, Percent Change: -1.54