Federal Reserve Board announces approval of proposals by Synovus Financial Corp. and Synovus Bank

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December 07, 2018

Federal Reserve Board announces approval of proposals by Synovus Financial Corp. and Synovus Bank

For release at 3:30 p.m. EST

The Federal Reserve Board on Friday announced its approval of the proposals by:

  1. Synovus Financial Corp., Columbus, Georgia, to merge with FCB Financial Holdings, Inc., and thereby indirectly acquire FCB Financial’s subsidiary bank, Florida Community Bank, N.A., both of Weston, Florida, pursuant to section 3 of the Bank Holding Company Act of 1956;
  2. Synovus Bank, Columbus, Georgia, to merge with Florida Community Bank pursuant to section 18(c) of the Federal Deposit Insurance Act; and
  3. Synovus Bank to establish and operate branches at the locations of the main office and branches of Florida Community Bank, pursuant to section 9 of the Federal Reserve Act.

Attached is the Board’s order relating to this action.

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Last Update: December 07, 2018