Synovus Corrects Preferred Stock Dividend Payment Rate
Columbus, GA, February 3, 2014 – On January 2, 2014, Synovus Financial Corp. (NYSE - “SNV”), the Columbus, Georgia-based financial services company, announced that its Board of Directors had declared a dividend on the Company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C, no par value per share, issued on July 25, 2013. The announcement erroneously referenced a dividend rate of $0.525 per share, when in fact the dividend will be $0.492 per share, consistent with the terms of the Series C Preferred Stock.
Synovus is a financial services company based in Columbus, Georgia with approximately $26 billion in assets. Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 28 locally branded divisions, 261 offices, and 363 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. See Synovus on twitter @synovusbank, and LinkedIn. Equal Housing Lender