The company has received Federal Reserve approval for its proposed $8.6 billion merger with Pinnacle Financial Partners, a major milestone. Shareholders from both companies have already approved the deal, which is now on track to close on January 1, 2026. This positive development has coincided with a recent 7% gain in the company's share price over the past month, signaling a recovery in momentum after a period of mixed performance and a 12% decline over the past year.