Synovus consolidating bank charters Javaadultchatroom

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The Synovus Financial Corporation is a financial services company with approximately billion in assets based in Columbus, Georgia.This company began with its original name " Columbus Bank and Trust Company".Five percent is a threshold that former regulators have stated can wipe out a bank’s equity and threaten its survival.A decade after entering the Chattanooga market, the parent company of Cohutta Banking Co.Synovus Bank, a wholly owned subsidiary of Synovus, was recognized as America's Most Reputable Bank by American Banker and the Reputation Institute in 2017, and was named “Best Regional Bank, Southeast” by MONEY Magazine for 2016-17.Synovus is on the web at synovus.com, on Twitter @synovus, and on Linked In at "This culture assimilated more than 60 acquisitions over the past 40 years and remains the cornerstone of our company today." In 1984, Synovus bought Cohutta Banking Co., which was began in 1906 in Northwest Georgia.The bank expanded into Chattanooga in 2005 by chartering a Tennessee branch which was later merged with Cohutta Bank in Georgia and then Synovus Bank, which is based in Columbus, Ga.

The rating action follows a periodic review of the mid-tier regional banking group, which includes Bank United Inc. (BOKF), Cathay General Bancorp (CATY), East West Bancorp (EWBC), First Republic Bank (FRC), First Horizon National Corp. Should rates normalize further, Fitch would expect some degree of reversion in asset quality for most banks in the peer group, which is already incorporated in the ratings.Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 29 locally branded divisions, 280 offices, and more than 400 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee.In mid-August 2009 the bank was named as one of the biggest of more than 150 U. lenders which owned nonperforming loans equal to 5 percent or more of their holdings.Synovus initially operated all of its banks as separately chartered institutions with their own boards of directors.But Synovus consolidated those banks into a single charter in 2010, allowing customers of one bank to transact business at any other of the 248 branches.

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