snv industry banks revenue 1 billion founded 1888 headquarters columbus georgia usa key people kessel stelling chairman of the board and chief executive officer products financial services website www.synovus.com the synovus financial corporation is a financial services company with approximately 27 billion in assets based in columbus georgia . synovus divisions provide commercial and retail banking investment and mortgage services to customers through 29 locally branded divisions 280 offices and more than 400 atms in georgia alabama south carolina florida and tennessee . 1 contents 1 company history 1.1 caught up in the financial crisis 2 charter consolidation 3 references 4 external links company history edit the company began in 1888 with an encounter between a worker and an executive at a columbus georgia textile mill . 2 the worker s dress became tangled in factory machinery and money she had sewn into her hem spilled onto the floor . explaining she felt this was the safest place to keep her savings a mill executive offered instead to secure her money in the mill safe and pay her interest . that same service was soon offered to all the workers and those deposits marked the beginning of synovus . 2 the company built a comprehensive financial services company that today operates in five states across the southeast . 2 caught up in the financial crisis edit in mid august 2009 the bank was named as one of the biggest of more than 150 u.s. lenders which owned nonperforming loans equal to 5 percent or more of their holdings . five percent is a threshold that former regulators have stated can wipe out a bank s equity and threaten its survival . 3 as a result of their financial troubles synovus laid off 850 employees and closed many bank branches in early 2011 . 4 in july 2013 synovus repaid the us government 967.9 million borrowed under tarp troubled asset relief program . 5 charter consolidation edit in early 2010 synovus consolidated their thirty separate state charters into one georgia state banking charter and is transitioning to operate as a more centralized single bank . 6 references edit updated quarterly results . synovus.com . retrieved august 23 2013 . a b c our history . synovus.com . retrieved august 23 2013 . levy ari august 24 2009 . toxic loans topping 5 % may push 150 banks to point of no return . bloomberg news . new york city ny . trubey j. scott january 10 2011 . synovus cuts show banks still ailing . atlanta journal constitution . atlanta . ga. company press release report taxpayers still owed 133b from bailout annual report pdf . synovus.com . retrieved august 23 2013 . external links edit synovus financial corporation new georgia encyclopedia article on synovus bronze statue pays tribute to synovus legacy synovus to spin off tsys forbes synovus financial completes spin off of tsys rtt news v t e 50 largest banks and bank holding companies in the united states ally american express bancwest bank of america bank of new york mellon bb & t bbva compass bmo harris capital one charles schwab cit citigroup citizens comerica deutsche discover e trade fifth third first niagara ge capital goldman sachs hsbc bank usa huntington john deere jpmorgan chase key m & t morgan stanley mufg union mutual of omaha nationwide new york community northern trust people s united pnc popular rbc usa regions santander state farm state street suntrust svb synchrony td tiaa u.s. usaa wells fargo zions indicates the u.s. subsidiary of a non u.s. bank . inclusion on this list is based on u.s. assets only and is current as of december 31 2015 . retrieved from https en.wikipedia.org w index.php title synovus & oldid 740645377 categories companies listed on the new york stock exchangefinancial services companies of the united statescompanies established in 1888banks based in georgia u.s. state companies based in georgia u.s. state companies based in columbus georgia1888 establishments in the united stateshidden categories pages using duplicate arguments in template callsuse mdy dates from october 2014pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 22 september 2016 at 10 48 . text is available under the creative commons attribution sharealike license ; 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