Synovus

Infobox Company
company_name = Synovus Financial Corporation
company_
company_type = Public (nyse|SNV)
foundation = 1888
location = Columbus, Georgia
key_people = Richard E. Anthony, Chairman & CEO; Fred L. Green, III, President & COO; Elizabeth R. James, Vice Chairman & Chief People Officer
num_employees = 7,630 (2008)
industry = Banks
products = Financial Services
company_slogan = "Community Banking, Powerfully Connected"^SM
homepage = [http://www.synovus.com www.synovus.com]

Synovus nyse|SNV is a diversified financial services holding company with more than $33 billion in assets based in Columbus, Georgia. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 36 banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Prior to a spin-off in January 2008, Synovus held an 81-percent stake in TSYS nyse|TSS, one of the world’s largest companies for outsourced payment services. Synovus has been named one of “The 100 Best Companies to Work For” in America by FORTUNE magazine, and has been recognized in that magazine's hall of fame for consecutive appearances on the list since its inception in 1998.

Company history

Synovus began in 1888, based on a single act of kindness, when a mill worker at [http://en.wikipedia.org/wiki/
] in Columbus, GA, accidentally got her [http://en.wikipedia.org/wiki/
] in a piece of machinery. To the surprise of her coworkers, money she had sewn into the hem of her dress spilled across the floor. She explained that she believed this was the safest place to keep it. G. Gunby Jordan, the mill's secretary and treasurer, happened by and offered to keep the money in the mill safe and pay her monthly interest on the deposits. He soon offered the same service to all the mill workers. These first deposits inspired Jordan to establish an institution that became Columbus Bank & Trust (CB&T), which later became Synovus Financial Corporation.

Decentralized philosophy

While other large banks in the country are merging and consolidating, Synovus has taken a different approach. Synovus has 35 community banks throughout their footprint in the southeast, and they all operate under separate charters, local CEO's, and their own independent, local boards of directors. They believe this creates a responsiveness that is essential to their strategy of attracting and retaining customers. A structure like this empowers community banks to make decisions on a local level, as close to the customers as possible. This decentralized structure, combined with also having the backing of a multi-billion dollar holding company and a broad array of high quality products that matches any large competitor, is what Synovus believes to be a key differentiator in the marketplace.

ynovus community banks

Alabama

* [http://www.bankoftuscaloosa.com/ Bank of Tuscaloosa] (Tuscaloosa)
* [http://www.cbtbankea.com/ CB&T of East Alabama] (Phenix City)
* [http://www.cbt-alabama.com/ Community Bank & Trust Company] (Enterprise)
* [http://www.firstcommercialbank.com/ First Commercial Bank] (Birmingham)
* [http://www.fcb-hsv.com/ First Commercial Bank] (Huntsville)
* [http://www.fnb-jasper.com/ First National Bank of Jasper] (Jasper)
* [http://www.sterlingmontgomery.com/ Sterling Bank] (Montgomery)

Florida

* [http://www.bankofpensacola.com/ Bank of Pensacola] (Pensacola)
* [http://www.fccbank.com/ First Coast Community Bank] (Fernandina Beach)
* [http://www.firstfloridabank.com/ First Florida Bank] (Naples)
* [http://www.synovusbankjax.com/ Synovus Bank of Jacksonville] (Jacksonville)
* [http://www.synovusbankfl.com/ Synovus Bank of Tampa Bay] (St. Petersburg)
* [http://www.talstatebank.com/ The Tallahassee State Bank] (Tallahassee)
* [http://www.vanguardbank.com/ Vanguard Bank & Trust] (Valparaiso)

Georgia

* [http://www.athensfirstbank.com Athens First Bank & Trust] (Athens)
**Locations in Athens, Dacula, Hartwell, Lavonia, Loganville, Monroe, and Watkinsville.
* [http://www.afbtbank.com Augusta First Bank & Trust] (Augusta)
**Locations in Augusta and Evans.
* [http://www.bankofcoweta.com/ Bank of Coweta] (Newnan)
* [http://www.banknorthgeorgia.com/ Bank of North Georgia] (Alpharetta)
* [http://www.cbtbank.com/ CB&T Bank of Middle Georgia] (Warner Robbins)
* [http://www.citizens-merchantsbank.com/ Citizens & Merchants Bank] (Douglasville)
* [http://www.cbtwga.com/ Citizens Bank & Trust of West Georgia] (Carrollton)
* [http://www.citizensfirst-rome.com/ Citizens First Bank] (Rome)
* [http://www.coastalbankofga.com/ The Coastal Bank of Georgia] (Brunswick)
* [http://www.cohuttabank.com/ Cohutta Banking Company] (Chatsworth)
* [http://www.columbusbankandtrust.com/ Columbus Bank & Trust] (Columbus)
* [http://www.bankcb.com/ Commercial Bank] (Thomasville)
* [http://www.combanktrust.com/ Commercial Bank & Trust Company] (LaGrange)
* [http://www.fcbtifton.com/ First Community Bank] (Tifton)
* [http://www.fsbtc.com/ First State Bank & Trust Company] (Valdosta)
* [http://www.gbtcalhoun.com/ Georgia Bank & Trust] (Calhoun)
* [http://www.seaislandbank.com/ Sea Island Bank] (Statesboro)
* [http://www.securitybank-albany.com/ Security Bank & Trust] (Albany)
* [http://www.sumterbank.com/ Sumter Bank & Trust Company] (Americus)

outh Carolina

* [http://www.nationalbanksc.com/ The National Bank of South Carolina]
**Locations in Anderson, Bishopville, Bluffton, Camden, Cayce, Charleston, Columbia, Florence, Goose Creek, Greenville, Greer, Hilton Head, Inman, Irmo, Lexington, Little River, Loris, Manning, Mt. Pleasant, Murrells Inlet, Myrtle Beach, North Charleston, North Myrtle Beach, Spartanburg, Summerville, and Sumter.

Tennessee

* [http://www.bankofnashville.com/ The Bank of Nashville] (Nashville)
* [http://www.cbc-tn.com/ Cohutta Banking Company of Tennessee] (Chattanooga)
* [http://www.trust1bank.com/ Trust One Bank] (Memphis)

ee also

*Synovus Centre
*TSYS

External links

* [http://www.synovus.com Synovus Financial Corporation]
* [http://www.tsys.com TSYS]
* [http://www.newgeorgiaencyclopedia.com/nge/Article.jsp?id=h-1743&hl=y New Georgia Encyclopedia Article on Synovus]
* [http://www.ledger-enquirer.com/mld/ledgerenquirer/news/breaking_news/16544045.htm Bronze Statue Pays Tribute to Synovus' Legacy]
* [http://www.forbes.com/businesswire/feeds/businesswire/2007/10/25/businesswire20071025006290r1.html Synovus To Spin-off TSYS - Forbes]
* [http://www.rttnews.com/sp/breakingnews.asp?date=12/31/2007&item=68&vid=0 Synovus Financial Completes Spin-off Of TSYS - RTT News]