TITLE

Synovus Jumps Back into the M&A Game

AUTHOR(S)
Stewart, Jackie
PUB. DATE
May 2013
SOURCE
American Banker;5/17/2013, Vol. 178 Issue F319, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses Synovus Financial's May 2013 purchase of the failed Sunrise Bank in Georgia even though Synovus owes the Troubled Asset Relief Program (Tarp) about $968 million for a bailout during the 2008 global financial crisis. The article states banks in Tarp or the Small Business Lending Fund (SBLF) program such as Southern Missouri Bancorp were allowed to make acquisitions. It also notes analysts' remarks including those of Michael Iannacone, Kevin Fitzsimmons, and Shaheen Dil.
ACCESSION #
87682210

 

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