Anthony Elian

Catherine Mealor

Gary Tenner

Bernard Von Gizycki

Christopher Marinac

Jon Arfstrom

Nicholas Holowko

Ebrahim Poonawala

Jared David Shaw

Manan Gosalia

Michael Rose

Stephen Scouten

Timur Braziler

Brandon King

Casey Haire

Jared Shaw

John McDonald

Jon Rau

Samuel Varga

- Synovus Financial Corp. and Pinnacle Financial Partners, Inc. are proposing a merger, with an investor presentation dated **August 27, 2025**.  **[18349_0001140361-25-033024_ef20052605_8k.htm:2]** 
- The proposed merger is expected to result in **21% 2027E EPS Accretion** and a **2.6 Year TBV Dilution Earnback**.  **[18349_0001140361-25-033024_ef20054640_ex99-1.htm:7]** 
- The combined company anticipates **~$250 Million** in non-interest expense synergies, with **50% realized in Year 1**, **75% in Year 2**, and **100% in Year 3**.  **[18349_0001140361-25-033024_ef20054640_ex99-1.htm:8]** 
- Key decisions for the combined entity include the technology stack being built on **Synovus’ highly-scalable FIS core platform**, and a board of directors split of **15 directors (8 Pinnacle and 7 Synovus)**.  **[18349_0001140361-25-033024_ef20054640_ex99-1.htm:7]** 
- Steel Newco Inc. filed a registration statement on Form S-4 with the SEC on **August 26, 2025**, to register shares for the proposed transaction.  **[18349_0001140361-25-033024_ef20054640_ex99-1.htm:4]** **[18349_0001140361-25-033024_ef20052605_8k.htm:7]**

Synovus and Pinnacle Announce Proposed Merger and Financial Impact

SYNOVUS FINANCIAL (SNV)