It's a good thing that the $33 billion Synovus Financial has deep pockets, because transferring First Florida's problems to the larger Synovus Bank of Tampa Bay makes it appear that the latter may need more capital.
Remember, the above is all based on combined March 31 figures, and the situation for Synovus Bank of Tampa Bay may look different at the end of the second quarter. A call to Synovus Financial seeking comment on former First Florida Bank was not returned.- Loading Comments...
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