Synovus, the parent company of Peachtree National Bank, has announced plans to merge PNB with two other Synovus-owned banks: First Nation Bank in Covington and Bank of North Georgia in Alpharetta.

If the merger is approved by regulatory agencies, the new bank would be called Bank of North Georgia.

Once the merger is complete, the newly expanded Bank of North Georgia will have a total asset size of $4.8 billion with 33 bank locations with a full range of products and services including mortgage, investments and private client services. After the merger, Bank of North Georgia will serve more than 51,000 households.

Richard Spink, current CEO of Peachtree National Bank, will remain in an executive role with the new bank, “overseeing the Peachtree City market with expanded responsibilities within Bank of North Georgia,” according to a news release issued by the company.

Don Howard, who will retain his role as Chairman of Bank of North Georgia said the new bank will continue to offer superior customer service and offer customers the ability to do more. The company also plans to offer enhanced and more diversified products, according to Synovus Presidents and Chief Operating Officer Fred L. Green III.

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