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|Synovus Completes Merger of Citizens Bank and Trust of West Georgia and Citizens and Merchants Bank with Bank of North Georgia
Columbus, GA, October 27, 2008 – Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, announces the completion of the merger of three Synovus banks – Citizens Bank and Trust of West Georgia, based in Carrollton, and Citizens and Merchants Bank in Douglasville – with Bank of North Georgia, headquartered in Alpharetta. The combined banks are called Bank of North Georgia.
Kessel Stelling continues to serve as President and CEO of the combined banks. Frank Roedl, President and CEO of Citizens Bank and Trust of West Georgia, and James Mathis, CEO of Citizens and Merchants Bank, have transitioned into executive roles with Bank of North Georgia.
The expanded Bank of North Georgia has a total asset size exceeding $6.2 billion with 48 locations and 800 team members with a full range of products and services. Bank of North Georgia will serve more than 65,000 households.
Synovus (NYSE: “SNV”) is a financial services holding company with more than $34 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, as well as investment services, to customers through 32 banks, 440 ATMs, and other Synovus offices 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 the delivery of unparalleled customer experiences. See Synovus on the web at www.synovus.com.