Synovus Bank is headquartered in Columbus and is the largest bank in the state of Georgia. It is also the 49th largest bank in the nation. It was established in 1888 and as of March of 2022, it had grown to 4,703 employees at 292 locations. Synovus Bank has an A health rating.
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Long time customer
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.
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 873 |
| Year Established | 1888 |
| Employees | 4703 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.22% |
| Return on Equity - YTD | 13.51% |
| Annual Interest Income | $416.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $56.33B$55.10B |
| Loans | Q1 2022vs Q1 2021 | $40.48B$39.24B |
| Deposits | Q1 2022vs Q1 2021 | $49.09B$47.85B |
| Equity Capital | Q1 2022vs Q1 2021 | $4.88B$5.20B |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $415.0MM$563.2MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $126.6MM$172.1MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $11.4MM$1.4MM |
