The Financial Services Roundtable (FSR) and the Clearing House Association, two major finance industry advocacy groups, are combining.

The announcement comes one month after FSR's chief executive, former Minnesota Gov. Tim Pawlenty, announced that he would be stepping down from the organization. Pawlenty is considering another run for governor.

The merged entity will have a new name that has not yet been decided, according to FSR. A spokeswoman told The Hill that discussions about the merger have been occurring for a “short time,” but would not provide a specific date.

Greg Baer, the president of the Clearing House Association, will helm the new group.

While the two groups complete the merger, Chris Feeney, who leads FSR's technology policy division, will serve as the group’s interim chief executive.

Read more in The Hill.