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|Synovus Bank of Jacksonville CEO William J. “Bill” Hammel to Retire
|September 9, 2009, Columbus, GA – Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, today announced the retirement of William J. “Bill” Hammel as Chairman and Chief Executive Officer of Synovus Bank of Jacksonville, effective October 31, 2009. Hammel will continue to serve on the Board of Directors.
“Bill was the right person at the right time for our entry to the Jacksonville market, and his integrity and passion will be hard to match,” said Richard Anthony, Chairman, CEO and President of Synovus. “His guidance of the talented team at Synovus Bank positioned the bank as a leader in customer service and community involvement. The bank was selected for the last three consecutive years as one of the 10 best places to work in Jacksonville by the Jacksonville Business Journal. We wish Bill the best in his well-deserved retirement.”
A succession plan regarding Hammel’s retirement has been under consideration for several months. Today, the bank’s Board of Directors unanimously elected Karl B. Hanson, Jr. as Chairman of the Board and Damon B. Olinto as President and Chief Executive Officer. Both elections will be effective November 1, 2009. Hanson is a partner with the law firm of Fowler, White, Boggs P.A. and serves as a Board Member for Synovus Bank of Jacksonville. Olinto will continue in his current capacity as the bank’s President and will assume the added role as Chief Executive Officer.
Hammel began his career with Synovus in October 2003, when he was named CEO of Synovus Bank of Jacksonville, the company’s first de novo bank. Prior to joining Synovus, Hammel served as Vice President and Member of the Executive Committee at Coastal Construction Products, Inc., in Jacksonville. He previously served as Vice President and Corporate Banking Division Leader at Banc Ohio National Bank in Canton, Senior Vice President of Florida National Bank in Jacksonville, Florida and Senior Vice President and Senior Lending Officer of Compass Bank in Jacksonville. Hammel’s long-term commitment to the community includes his service with the Jacksonville Chamber of Commerce, Habitat for Humanity and the Building and Fund Raising Committees for Holy Family Church.
Olinto was named Synovus Bank’s President in October 2003. Prior to joining Synovus, he helped lead the CNB National Bank team in Jacksonville as Senior Vice President. He began his career at Florida National Bank as a Banking Officer, and previously served as Vice President of Compass Bank in Jacksonville.
Synovus is a financial services holding company with approximately $35 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, as well as investment services, to customers through 30 banks, 332 offices, and 466 ATMs in Georgia, Alabama, South Carolina, Florida and Tennessee. The company focuses on its unique decentralized customer delivery model, position in high-growth Southeast markets and commitment to being a great place to work to ensure unparalleled customer experiences. See Synovus on the Web at www.synovus.com.