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Stelling to Succeed Anthony as Chairman of the Board

December 22, 2011, Columbus, GASynovus Financial Corp. (NYSE – “SNV”), the Columbus, Georgia-based financial services company, today announced the election of President and CEO Kessel D. Stelling to succeed Richard E. Anthony as Chairman of the Board, effective January 1, 2012.  Anthony will remain on the Board as a director until the expiration of his current term at Synovus’ 2012 annual shareholders’ meeting.

In June 2005, Anthony was elected President and CEO of Synovus, adding the title of Chairman in 2006.  During his five year tenure as CEO, he led the restructuring of the company through the consolidation of 30 charters to one charter, two successful capital raises, and a streamlining of the company’s operating model.  He was also instrumental in achieving the spinoff of TSYS, one of the world’s largest providers of outsourced payment services.  He retired from his position as CEO of Synovus in October 2010, retaining the Chairman role.

“I have enjoyed my years as part of the Synovus team and appreciate the opportunity to have served in key leadership roles,” said Anthony.  “We have faced significant challenges over the past several years, but I believe we are emerging as a stronger company.  I am confident that under Kessel’s leadership, Synovus will have sustained profitability and future success.”

Stelling joined Synovus in March 2006 when the company purchased Riverside Bancshares, Inc. and merged it with Atlanta-based affiliate Bank of North Georgia.  He was named President and CEO of Bank of North Georgia and, in June 2008, he became Regional CEO for the entire metro Atlanta market of Synovus.  Stelling was named Synovus President and Chief Operating Officer in February 2010, and President and Chief Executive Officer in October 2010.

“Richard’s leadership has been vital to the strength and resilience of Synovus,” said Stelling.  “We will always be grateful for the wisdom and experience he brought to the company.  I am honored to follow Richard in this important role, and I look forward to working with our Board and leadership team as we continue to position Synovus for long-term success. ”

Synovus is a financial services company with $28 billion in assets based in Columbus, Georgia.  Synovus Financial Corp.'s bank divisions provide commercial and retail banking, investment and mortgage services to customers in Georgia, Alabama, South Carolina, Florida and Tennessee. See Synovus Financial Corp. on the web at

Greg Hudgison
Title: External Communications Manager
Phone: 706-644-0528