Pinnacle-Synovus merger could create cat IV bank by year-end

$100bn threshold breach looms, but Fed’s Bowman plan could blunt impact

The merger of regional US banks Pinnacle Financial and Synovus Financial, announced on January 2, would create a bank with $117.2 billion in assets, above the $100 billion threshold for designation as a large bank.

Synovus reported average assets of $60.4 billion in the third quarter of last year, while Pinnacle had $55.7 billion. Because tailoring designations are based on four-quarter average