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Synovus
Synovus

Financial services / Banking and Financial Services

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Overview
Name Synovus Bank Website http://synovusbank.com/ Founded 1888 Headquarters Columbus, Georgia Number of locations Approximately 250 branches across the Southeast (as of 2021) Key people Kessel Stelling (Chairman and CEO) Industry Banking Services Financial services, commercial banking, retail banking Products Checking accounts, savings accounts, loans, mortgages, investments, credit cards, insurance Revenue $3.18 billion (2020) Net income $844 million (2020) Number of employees Approximately 5,000 (as of 2021)
Synovus is a financial services company headquartered in Columbus, Georgia. It was founded in 1888 as the Columbus Banking Company and has since expanded to become one of the largest regional banks in the Southeastern United States.
The company provides a wide range of financial services to individuals and businesses, including checking and savings accounts, loans, mortgages, investments, credit cards, and insurance. It operates approximately 250 branches across the Southeast in states such as Georgia, Alabama, Florida, South Carolina, and Tennessee.
Kessel Stelling, a longtime employee of Synovus, currently serves as the company's chairman and chief executive officer. As of 2021, Synovus has approximately 5,000 employees and reported a revenue of $3.18 billion and a net income of $844 million in 2020.
What is special about the company?
1. Established History: Synovus has a long and successful history, having been founded in 1888 as the Columbus Bank and Trust Company. With over 130 years of experience in the financial industry, the company has established a strong reputation and expertise.
2. Regional Focus: Unlike many large banks that operate nationwide, Synovus operates primarily in the Southeastern United States. The company's regional focus allows it to have a deep understanding of the local communities and better serve its customers.
3. Customer-Centric Approach: Synovus prides itself on putting its customers first. The company has a customer satisfaction rate of over 95%, and its customer service has been consistently recognized as among the best in the industry.
4. Diverse Product and Service Offerings: Synovus offers a wide range of financial products and services, including banking, investments, mortgages, insurance, and wealth management. This diversity allows the company to cater to the unique needs of its customers.
5. Commitment to Social Responsibility: Synovus is committed to making a positive impact in the communities where it operates. The company supports various charitable organizations, promotes financial literacy, and actively participates in environmental and sustainability initiatives.
6. Innovative Technologies: In recent years, Synovus has invested heavily in technology to enhance its services and meet the changing needs of its customers. The company offers online and mobile banking options and has also launched various digital banking solutions.
7. Strong Financial Performance: Synovus has consistently delivered strong financial performance, with solid earnings and a strong balance sheet. The company's stability and financial strength have earned it the trust and confidence of its customers and investors.
What the company's business model?
The Synovus company's business model is centered around providing financial services to individuals and businesses. This includes services such as banking, lending, investment management, and insurance. The company generates revenue through fees, interest on loans and investments, and other financial services. Synovus focuses on building long-term relationships with its customers and leveraging technology to improve the efficiency and accessibility of its services. It also has a strong emphasis on community involvement and supporting local economies.
Interesting facts about the company
1. Synovus is a financial services company headquartered in Columbus, Georgia, with almost $40 billion in assets.
2. The company was founded in 1888 as a local bank in Columbus, Georgia.
3. Synovus has grown to become one of the largest financial institutions in the Southeastern United States, with operations in Alabama, Florida, Georgia, South Carolina, and Tennessee.
4. The company has more than 300 bank branches and over 400 ATMs, as well as a strong online and mobile banking presence.
5. Synovus has a strong commitment to community service and has been recognized as one of the most philanthropic companies in the country.
6. In 2019, Synovus was named one of Fortune magazine’s 100 Best Companies to Work For for the first time, ranking 20th on the list.
7. The company offers a wide range of financial services, including personal and business banking, wealth management, insurance, and mortgage services.
8. Synovus has received numerous awards and accolades for its innovation, customer service, and workplace culture.
9. The company has a history of growth and stability, even during challenging economic times, and has been recognized as one of the best-performing financial institutions in the country.
10. Synovus is committed to embracing technology and innovation to better serve its customers, with a focus on digital banking and fintech partnerships.
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