Synovus Bank is headquartered in Columbus and is the largest bank in the state of Georgia. It is also the 48th largest bank in the nation. It was established in 1888 and as of March of 2021, it had grown to 4,849 employees at 302 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 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 873 |
| Year Established | 1888 |
| Employees | 4849 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.41% |
| Return on Equity - YTD | 14.83% |
| Annual Interest Income | $409.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $55.10B$50.52B |
| Loans | Q1 2021vs Q1 2020 | $39.24B$37.88B |
| Deposits | Q1 2021vs Q1 2020 | $47.85B$40.24B |
| Equity Capital | Q1 2021vs Q1 2020 | $5.20B$5.39B |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $563.2MM$493.5MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $172.1MM$144.1MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $1.4MM$15.2MM |
