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- Synovus Financial Corp. Announces One-for-Seven Reverse Stock Split
|Synovus and CB&T Launch REACH Projects
|Initiatives to benefit area students|
|April 26, 2010, Columbus, GA – Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, and its affiliate banks Columbus Bank and Trust Company and CB&T of East Alabama announce two community programs to help promote financial education and collect clothing for children in need. These projects are part of Synovus’ community outreach effort called REACH: Recognizing and Encouraging an Atmosphere of Community and of Hope.
From April 19 through April 30, Synovus and CB&T team members will visit K-5 classrooms in Muscogee, Russell and Lee County schools to lead the “Teach Children to Save” program. The program is sponsored by the American Bankers Association Education Foundation’s national campaign, and was launched in 1997 to raise awareness about the important role banks and bankers play in helping young people develop lifelong savings habits.
During the same two weeks, team members will also participate in a clothing drive to benefit the Sara Spano Clothing Bank, which serves disadvantaged children in Muscogee County by providing a school wardrobe of new and gently worn items.
“This REACH effort offers our team members an opportunity to serve the children of this community in two meaningful ways: helping equip them to become better consumers as they grow into responsible young men and women in the coming years, and providing clothing to meet the basic needs and build confidence in many economically challenged children,” said Richard Anthony, Synovus Chairman and CEO. “An important step in nurturing successful youth is helping them feel good about who they are.”
“CB&T Team Members have being sharing financial education in the community for more than 10 years, and combined with the clothing bank project, we can have a powerful and positive impact on the children in our community,” added CB&T President and COO Billy Blanchard.
Synovus (NYSE; “SNV”) is a financial services holding company with approximately $33 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, as well as investment services, to customers through 30 banks, 327 offices, and 461 ATMs in Georgia, Alabama, South Carolina, Florida and Tennessee. The company focuses on its unique customer service delivery model, position in attractive 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.
Columbus Bank and Trust (CB&T) and CB&T Bank of East Alabama have a combined 23 branches in Columbus, GA and Phenix City and Opelika, AL. They offer diverse lines of business and personal financial services including Business Banking, Investment Services and Mortgage Lending. CB&T and CB&T Bank of East Alabama are both Synovus banks.