Pinnacle CEO Kevin Blair and Executive Leaders Ring Opening Bell at New York Stock Exchange
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new york stock exchangefinancial
The New York Stock Exchange is a marketplace where people buy and sell shares of publicly traded companies. It functions like a busy trading hub, helping investors transfer ownership of company parts and providing a way to gauge how well businesses are doing. Its role is vital because it offers liquidity and transparency, making it easier for investors to buy and sell investments confidently.
A fixed-to-floating rate non-cumulative perpetual preferred stock is a hybrid investment that pays a set dividend for an initial period and then switches to a variable dividend tied to market rates, has no maturity date so the principal isn’t repaid, and does not require the issuer to make up missed dividend payments. Investors care because it offers income that can rise with interest rates but carries call, credit and interest-rate risk and sits ahead of common shares for payouts.
A fixed-rate reset non-cumulative perpetual preferred stock is a type of permanent equity that pays a set dividend for an initial period, then periodically resets that dividend to a new rate (usually tied to a market benchmark), has no maturity date, and does not accumulate unpaid dividends if the issuer skips payments. Think of it like a never-ending bond whose interest rate is fixed for a time then adjusted, but where missed payments are forgone rather than owed later. Investors care because it offers income with changing interest-rate exposure and higher risk than debt, including dependence on the issuer’s ability to pay and subordination behind creditors.
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NEW YORK--(BUSINESS WIRE)--
Pinnacle Financial Partners (NYSE: PNFP) President and CEO Kevin Blair rang the New York Stock Exchange opening bell Tuesday with his executive leadership team, Pinnacle Founder and Board Chair Terry Turner and former Pinnacle CFO Harold Carpenter. The event marks the closing of the firm’s merger with Synovus Financial Corp. and its new NYSE listing.
“We closed our merger and debuted on the New York Stock Exchange last week, marking the beginning of the next chapter for our firm,” said Kevin Blair, president and CEO. “Our leadership team stands united by a shared vision and commitment to building America's most trusted bank. Together with our talented team members and valued clients, we’re poised to shape the future of banking.”
In addition to Blair, Turner and Carpenter, other leaders attending the event included Jamie Gregory, chief financial officer; Rob McCabe, chief banking officer; Charissa Sumerlin, chief credit officer; and Blair’s entire executive team.
The combined firm operates more than 400 offices across nine states in the Southeast and along the Atlantic Coast. The Pinnacle and Synovus brands will continue to operate independently until brand and systems conversion in early 2027.
Pinnacle Financial Partners, Inc. (“Pinnacle”) is a $117.2 billion asset regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The firm joined forces with Synovus Financial Corp. in 2026, bringing together more than 160 years of combined banking service. Pinnacle is the largest bank headquartered in Tennessee and the largest bank holding company headquartered in Georgia. The firm is No. 1 in deposit market share* in the Nashville MSA and No. 4 in the Atlanta MSA with offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland.
Pinnacle is an employer of choice for financial services professionals. The firm is No. 9 in FORTUNE magazine’s 2025 list of 100 Best Companies to Work For® in the U.S., its ninth consecutive appearance. Pinnacle was also recognized by American Banker as No. 4 among America’s Best Banks to Work For in 2025, its 13th consecutive year on the list, and No. 1 among banks with more than $10 billion in assets. Learn more about Pinnacle at PNFP.com.
