Synovus is a Columbus, Georgia based financial services holding company that recently announced its participation in the Treasury Department’s Capital Purchase Program. Synovus will sell $973 million in preferred stock to the Treasury. Investors were surprised by the news that Synovus posted a loss in the 3^rd quarter of 2008. But analysts still see Synovus as a strong and profitable company. Synovus is the 21^st largest commercial bank in the U.S., according to Fortune 500’s annual rankings for 2008.

11-14-2008 Synovus Prospectus

11-12-2008 Synovus Financial Group 10Q

11-11-2008 Synovus Merrill Lynch Presentation

6-10-2008 Synovus (CB&T) FDIC complaint

4-28-2008 Synovus Financial Group 10-K

2-29-2008 Synovus Financial Group 10-K

12-31-2007 Synovus Annual Report

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Center for Responsive Politics  (Last Accessed 11/18/08).

►Related Articles

November 17, 2008 Synovus To Get $973 Million Under Treasury Program (TradingMarkets.com)

November 16, 2008 Federal Aid? Not for Us, Proclaim Some (Wall Street Journal)

November 15, 2008 Synovus to get federal cash boost (Atlanta Journal Constitution)

November 14, 2008 Synovus to get $973 mln investment from Treasury (MarketWatch)

November 13, 2008 Ahead of the Bell: Bank dividends under pressure

November 6, 2008 Fitch Downgrades Synovus-backed Muni Bonds to 'A-' (Business Wire)

November 5, 2008 One Outrageously Cheap Stock (Motley Fool)

November 2, 2008 Promising Regional Banks For Patient Investors – Barron's (Seeking Alpha)

October 24, 2008 Synovus net income down 85% to $66M (Birmingham Business Journal)

October 23, 2008 Synovus Financial posts surprise Q3 loss (Reuters)

Bailout Bank Bio: Synovus Financial

Last Updated March 13, 2009