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

 

Related Articles

  • Surprising Synovus Deal Shows Tarp Banks Can Do M&A, Too. Stewart, Jackie // American Banker;6/ 4/2013, Vol. 178 Issue 85, p1 

    The article discusses Synovus Financial, a company in Columbus, Georgia that has purchased the failed Sunrise Bank as of June 4, 2013. The article notes analysts' remarks about Synovus' expansion in light of the company still owing the Troubled Asset Relief Program (Tarp) $968 million for a...

  • Synovus Prices Preferred Stock Offering. Stewart, Jackie // American Banker;7/24/2013, Vol. 178 Issue 113, p5 

    The article mentions Synovus Financial in Columbus, Georgia plans to raise about $125 million through a preferred stock offering that is expected to close on July 25, 2013. The article also mentions Synovus Financial plans to repurchase securities issued to the U.S. Treasury Department in...

  • Tarp Repaid, Synovus Plans Return to Relevance. Stewart, Jackie // American Banker;7/30/2013, Vol. 178 Issue 116, p9 

    The article focuses on Synovus Financial, a company in Columbus, Georgia which has repaid its funds from the U.S. Troubled Asset Relief Program (Tarp). The company's chief executive officer Kessel Stelling Jr. talks about Synovus' loan growth, the company's cost control strategy, and the outlook...

  • Synovus Feels Pressure To Keep the Profits Coming. Davis, Paul // American Banker;7/25/2012, Vol. 177 Issue 114, p7 

    The article focuses on the financial performance of the Georgia-based company Synovus Financial which posted a $24.8 million profit in second-quarter 2012. Chief executive officer Kessel Stelling talks about the decline in the amount of nonperforming assets the company holds and the outlook for...

  • Synovus Struggles to Regain Momentum ... But Don't Tell Its CEO. Stewart, Jackie // American Banker;4/24/2013, Vol. 178 Issue 63, p16 

    The article focuses on Synovus Financial bank in Columbus, Georgia which is still in the Treasury Department's Troubled Asset Relief Program (Tarp) as of April 24, 2013. Chief executive officer Kessell Stelling's remarks during a conference call about Synovus Financial's first-quarter profit of...

  • Southern Missouri Bancorp Registers to Sell SBLF Stock for Treasury. Wilhelm, Colin // American Banker;3/26/2015, Vol. 180 Issue 46, p1 

    The article reports about the plan of Southern Missouri Bancorp to sell preferred stock and use the proceeds to exit the Troubled Asset Relief Program.

  • Loan Sale Is Latest Step in Synovus' Comeback Story. Stewart, Jackie // American Banker;12/14/2012, Vol. 177 Issue F348, p5 

    The article discusses the finances of Synovus Financial, a company in Georgia that reported its third-quarter 2012 earnings reached $16 million. The article states Synovus sold $530 million of problem assets and might be in a position to repay its $967.9 million bailout from the Troubled Asset...

  • Synovus Recaptures Swagger Along with Tax Benefit. Stewart, Jackie // American Banker;1/23/2013, Vol. 178 Issue 12, p22 

    The article focuses on the financial performance of Synovus Financial, a Georgia company that reported fourth-quarter 2012 earnings of $712.8 million. The article notes the bank's tangible common equity ratio and credit costs as well as the amount it owes to the U.S. Troubled Asset Relief...

  • Synovus Moving from Playing Defense to Going on Offense. Stewart, Jackie // American Banker;7/22/2013, Vol. 178 Issue 111, p12 

    The article focuses on the finances of the banking industry company Synovus Financial. The company's announcement that it will be able to repurchase preferred stock it issued through the U.S. Troubled Asset Relief Program (Tarp) is discussed. Its plan to partially finance the repurchase through...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics