Synovus Financial

Synovus names Blair to succeed Stelling as CEO


President and Chief Operating Officer Kevin Blair will take the helm in April at the company’s annual shareholders meeting while Kessel Stelling will transition to a new role as executive chairman.


Synovus to take swing at timber business


The Georgia lender has hired bankers away from Wells Fargo to build a new ag lending team that will look to capitalize on soaring lumber demand in its home state.


As winter approaches, banks brace for defaults on restaurant loans


Many eateries that relied on outdoor dining to survive the pandemic could see revenues plummet as the weather turns cold.


Charge-offs held in check … for now


Banks have managed to steer around trouble spots in energy, hotel and mall-related credits. But fears of further deterioration, an eviction wave or more job losses are keeping lenders circumspect.


Banks prevail in first court decision over PPP fees for agents


A federal judge in Florida ruled that lenders are not required to make payments to borrowers' attorneys and accountants unless they struck upfront agreements to do so. The decision has implications for a slew of related lawsuits.


Coronavirus resurgence weighs on Synovus


The Georgia company warned that outstanding loans could fall and deferrals will likely rise as its home state and Florida grapple with the pandemic.