May 2026 Issue Correction: The Merger Effect

The May 2026 issue of Georgia Trend included a banking feature titled “The Merger Effect” that contained numerous errors regarding Pinnacle Financial Partners, which has merged with Georgia-based Synovus. The portion about eliminating back-office duplicate positions misrepresented Charlie Clark’s statements about limited overlap between the two banks. As Pinnacle has stated on the public record many times, personnel impact is expected to be five percent or less. Furthermore, we mistakenly stated that Pinnacle merged with Morris Bancshares prior to the Synovus merger. Pinnacle Financial Partners has no relation to the Pinnacle Bank in Northwest Georgia, which announced a merger with Morris Bancshares and name change to Vallant Financial earlier this year. Other errors have been corrected in the online version of the article. We regret the errors and take full responsibility for their publication.

Corrections have been made to the online article, here: The Merger Effect