Pinnacle Financial Partners and Synovus Financial Corp. announced Thursday a significant percentage of their respective shareholders have approved the proposed merger of the two entities.

The looming merger, expected to close in the first quarter of 2026, previously was estimated to carry a value of about $8.6 billion.

According to a release, and based on preliminary results from a Sept. 26 Pinnacle special meeting, approximately 92.2 percent of the Pinnacle votes cast were in favor of the combination, representing approximately 73.2 percent of the total number of outstanding shares entitled to vote as of Sept. 26.

Similarly, the release notes preliminary results showed approximately 91.5 percent of the Synovus votes supported the merger, representing approximately 69.4 percent of the t

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