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Synovus Announces Merger of First Florida Bank into Synovus Bank of Tampa Bay
 
 

December 21, 2007, Columbus, GA Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, today announced plans to merge its Naples-based bank, First Florida Bank, into Synovus Bank of Tampa Bay, Florida, pending regulatory approval.

“This new combination of talent, products and expertise will enhance our ability to serve customers and maximize the growth potential on the west coast of Florida,” said Fred L. Green III, President and COO of Synovus. “Customers in this region will benefit by having access to competitive offerings delivered by bankers who are empowered to offer flexible, needs-based financial services solutions.”

Following the consolidation, David W. Dunbar will continue in his role as CEO of the expanded Synovus Bank of Tampa Bay. Robert “Bob” Smedley, current President and CEO of First Florida Bank, will retire on January 31, 2008, but will continue to serve the bank in an advisory role.

The newly expanded Synovus Bank of Tampa Bay will have a total asset size of $1.68 billion with 27 bank locations in 9 counties, and will continue to offer a full range of banking products, as well as mortgage, insurance and investments.

About  Synovus
Synovus (NYSE: “SNV”) is a financial services holding company with $34 billion in assets based in Columbus, Georgia.  Synovus provides commercial and retail banking, as well as investment services, to customers through 37 banks, 440 ATMs, and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: “TSS”), one of the world’s largest companies for outsourced payment services.  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 the delivery of unparalleled customer experiences. Synovus has been named one of “The 100 Best Companies to Work For” in America by FORTUNE magazine, and has been recognized in its Hall of Fame for consecutive appearances on the list since its inception in 1998.  See Synovus on the Web at www.synovus.com.

 
 
Contact
Greg Hudgison
Company: Synovus
Title: External Communications Manager
Phone: (706) 644-0528