Company Overview
General information about the Synovus company
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 Synovus 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.
Interesting facts about the Synovus company
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SWOT analysis of the Synovus company
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AgICAgICAg ICAgICAgIC AgbG9nIGlu CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8cCBz dHlsZT0nbW FyZ2luLXRv cDogMTVweD sgZm9udC1z aXplOiAxM3 B4OyBmb250 LXdlaWdodD ogYm9sZDsg Y29sb3I6IC NkMzJmMmY7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IPCfk5ggQ2 xhaW0geW91 ciBmcmVlIG VCb29rOiA8 aT4iVGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrcyI8L2 k+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvcD 4KCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwhLS 0KICAgICAg ICAgICAgIC AgICAgICAg ICAgPGRpdi BzdHlsZT0n bWFyZ2luLX RvcDogMTJw eDsgZm9udC 1zaXplOiAx M3B4OyBjb2 xvcjogIzQ0 NDsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgU2lnbi B1cCBub3cg YW5kIGdldC BvdXIgZnJl ZSBlQm9vay AKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgID xiPlRoZSBD aGVja2xpc3 QgVmFsdWUg SW52ZXN0b3 Ig4oCUIEEg U21hcnRlci BXYXkgdG8g UGljayBTdG 9ja3M8L2I+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAg ICAgICAgIC AgICAtLT4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPCEtLQog 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Porter's Five Forces analysis for the Synovus company
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What is the Synovus company's business model?
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What is the Synovus company's unique selling proposition?
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How does the Synovus company differentiate itself in the market?
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