SYNOVUS FINANCIAL CORP

Synovus Financial Corp. is a financial services company based out of Columbus, Georgia. The company can trace its history back to a “simple act of kindness between a worker and an executive at a Columbus, Georgia textile mill.” When the worker’s dress became entangled in the factory machinery and spilled her money onto the floor, an executive offered to secure her money after she expressed that she felt that this was the safest place to keep her money. The same service would be extended to all the workers and, since 1888, the company has “remained committed to serving others, offering solutions, and building trusting relationships with team members, customers, and shareholders.” Synovus Financial Corp has grown from its humble inceptions to now have operations in five states in the Southeast including Georgia, Alabama, South Carolina, Florida, and Tennessee. The company has similarly expanded its network of operations to have over 29 locally branded divisions with 280 offices and over 400 ATMs. Synovus Financial Corp operates through four major sectors including Personal Banking, Business Banking, Corporate Banking, and Wealth Management, conducting business as the holding company for the similarly named Synovus Bank. The company currently offers a variety of services including cash management, capital market services, commercial loans, various demand and savings deposits, a variety of banking services, portfolio management, and investment advisory services, among others. Synovus Financial Corp invests most heavily in the finance sector, which alone makes up well over a third of its total asset allocations, and also invests in the information technology sector, which makes up another fifth of its allocations, consumer staples, health care, industrials, consumer discretionary, and utilities and telecommunications, among others to a lesser degree, in order of decreasing allocation. The company’s top holding in Total System Services Inc. alone makes up over 15% of its total holdings and Synovus Financial has a turnover rate of approximately 14%.