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Synovus Celebrates 125 Years Of Serving Customers And Communities

Stocks in this article: SNV

Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, today announced it will celebrate 125 years as a banking organization through a series of events across the company’s five-state footprint.

Synovus began as a community bank in Columbus on October 31, 1888, and is now one of the largest financial institutions in the Southeast, providing commercial and retail banking solutions to customers in Alabama, Florida, Georgia, South Carolina, and Tennessee.

The company traces its beginnings to a single act of kindness, when an employee at the Eagle and Phenix Textile Mill in Columbus tangled her dress in factory machinery, causing money sewn into the hem to spill on the floor. The mill worker believed that was the most secure place to keep her savings, but mill executives offered instead to keep her money in the company safe and pay monthly interest. They soon provided this service to every employee, which laid the foundation for Synovus.

“Since our founding, we have remained committed to serving others and helping individuals, businesses, and communities prosper,” said Kessel Stelling, Chairman and CEO of Synovus. “Celebrating 125 years in business is certainly a significant milestone for any company, but this anniversary is especially meaningful considering the challenges in our recent history. We are grateful for the loyalty of our shareholders, customers, and team members, and deeply appreciate the community partnerships we have built through the years. We look forward to many more years of service to others.”

Anniversary celebration events throughout October and November include:

125 Little Ways to Make a Big Difference – As part of its community outreach program called REACH ( Recognizing and Encouraging an Atmosphere of Community and of Hope), team members from across the company will partner with local non-profit groups on projects with the goal of impacting 125 community organizations during October.

Team Appreciation Week – Synovus will also celebrate and thank team members for their hard work and commitment to focusing on the needs of customers.

NYSE Closing Bell – Kessel Stelling will ring the closing bell of the New York Stock Exchange (NYSE) at 4 p.m. Eastern, November 13. To watch this event live, log onto the NYSE website at www.nyse.com.

Synovus is a financial services company with approximately $27 billion in assets based in Columbus, Georgia. Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 29 locally branded divisions, 280 offices, and 375 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. See Synovus Bank on the web at www.synovus.com, on twitter @synovusbank, and LinkedIn. Equal Housing Lender.

Copyright Business Wire 2010

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