Pinnacle Financial Partners completed its merger with Synovus Financial on 1/2/2026. Pinnacle and Synovus both merged into a new company. The new company then was named Pinnacle Financial Partners. Synovus shareholders received 0.5237 shares of the new Pinnacle Financial Partners stock for each SNV share. Old Pinnacle shareholders received 1 share of new Pinnacle for each old Pinnacle share.  

The Pinnacle Financial Partners Form DEFM14A SEC filing for this merger can be found through the SEC EDGAR web site at: https://www.sec.gov/Archives/edgar/data/18349/000114036125036807/ny20055808x1_defm14a.htm  

The companies received an opinion from a law firm that the merger qualifies as a non-taxable reorganization. We will assume the IRS does not dispute this opinion and will treat this merger as a simple merger. The information below is based on the information available from a form DEFM14A with the SEC. Price information is from websites offering historical prices. 

For shareholders of old Pinnacle shares, there is no need to make any entries. The number of shares of the new PNFP held will be the same as the old PNFP.  

NOTE: The companies state they will endeavor to satisfy the conditions necessary to make this transaction non-taxable and may get legal advice that the transaction qualifies for non-taxable treatment. However, there is the possibility the IRS will disagree with their characterization. These instructions assume the companies succeed in their efforts. New instructions will be written, if and when it becomes known the merger should be treated as a taxable event. 

The Merger Entry Go to Accounting > Securities > Record merger of securities in myICLUB. If you are unfamiliar with merger transactions you can get help at this URL: https://www.myiclub.com/faq/article.aspx?id=52 

Here is the information needed to complete the merger entry in myICLUB. 

Step 1 

• Date: 1/2/2026 
• Merging Company: Synovus Financial (SNV) 
• Number of daughter companies : 1 (keep this default) 

Step 2 

• Symbol of new company: PNFP (Pinnacle Financial Partners)  
• Shares received : 0.5237 x (# of SNV shares owned). 
  • (Remember to include fractional shares.) 
  • For example, if you owned 100 SNV shares, you should receive 0.5237 x 100 = 52.37 PNFP shares.  
• Price per share: 95.10   (Closing price of PNFP on 1/2/2026) 
• Cash received: See your broker statement for cash-in-lieu
  • If you received cash, but no fractional shares calculate and include fractional shares as part of this transaction regardless. It's almost 100 percent certain the broker immediately sold off the fractional shares instead of listing them on your statement. 

Click the Submit button and the transaction and the merger are entered.