Synovus Bank is headquartered in Columbus and is the 2nd largest bank in the state of Georgia. It is also the 47th largest bank in the nation. It was established in 1888 and as of March of 2019, it had grown to 4,975 employees at 309 locations. Synovus Bank has an A+ health rating.
We have banked with a local/regional bank, Synovus or CBT for about 20 years. We have checking and savings account and we do not have to pay any fees or charges for either of these two accounts. We have found the bank to be reliable and staff to be helpful. We secured a home mortgage from them about 15 years ago and got around 3% interest rate and we were please with the rate. The application process was smooth and orderly with no problems noted. The loan officer did everything he could to keep the process streamlined. I online bank with them and have never had any problems in managing my checking and savngs accounts. They have bill pay capability that I use regularly and have never had a problem with them. I make my house payments online as well with no problems noted. I have not used them for CD, Money Market, or IRA products.
|FDIC Certificate #||873|
|Return on Assets - YTD||1.29%|
|Return on Equity - YTD||12.04%|
|Annual Interest Income||$504.4MM|
|Assets and Liabilities|
|Assets||Q1 2019vs Q1 2018||$46.55B$31.36B|
|Loans||Q1 2019vs Q1 2018||$35.43B$24.68B|
|Deposits||Q1 2019vs Q1 2018||$38.45B$26.46B|
|Equity Capital||Q1 2019vs Q1 2018||$5.04B$3.25B|
|Loan Loss Allowance||Q1 2019vs Q1 2018||$257.0MM$257.8MM|
|Unbacked Noncurrent Loans||Q1 2019vs Q1 2018||$117.6MM$90.0MM|
|Real Estate Owned||Q1 2019vs Q1 2018||$11.3MM$4.5MM|
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