Synovus Bank
Saint Petersburg, FL — Domestic Branch of a Domestic Bank
Acquired Jun 2010
Vitals
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Total Assets1.3B -11.4 %
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Total Deposits1.0B -14.1 %
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Total Net Loans991.4M -18.5 %
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Net Income-8916000.0000
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Book Value127.8M -22.5 %
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Book Value x2255.5M -22.5 %
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Book Value x3383.3M -22.5 %
Balance Sheet Highlights
Financial Highlights | Synovus Bank | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 1,334,461 | 307,881 |
Total Net Loans | 991,384 | 197,177 |
Total Deposits | 1,020,574 | 256,124 |
Total Equity | 127,760 | 26,547 |
Profitability | ||
Net Income | -8,916 | -610 |
Return on Average Assets | -2.806 | -.875 |
Return on Average Equity | -26.992 | -11.683 |
Net Interest Margin | 3.599 | 3.311 |
Efficiency Ratio | 101.207 | 96.665 |
Noninterest Income/Revenue | 3.78 | 9.035 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 97.14 | 78.358 |
Securities/Assets | .088 | .292 |
Total Equity/Total Assets | .096 | .086 |
Tangible Equity/Tangible Assets | .092 | -.316 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 121,285 | 24,573 |
Tier 2 Capital | 14,193 | 3,110 |
Total Capital | 135,478 | 27,572 |
Total Risk Weighted Assets | 1,120,143 | 212,412 |
Leverage Ratio | 9.57 | 9.014 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.83 | 12.897 |
Total Capital Ratio | 12.09 | 14.224 |
Timeline for Synovus Bank
First Florida Bank
Acquisition: Synovus Bank acquired a new subsidiary, First Florida Bank, 16 years
View Profile Apr 26 2008United Bank And Trust Company
Acquisition: Synovus Bank acquired a new subsidiary, United Bank And Trust Company, 18 years
View Profile Jul 23 2005United Bank Of The Gulf Coast
Acquisition: Synovus Bank acquired a new subsidiary, United Bank Of The Gulf Coast, 18 years
View Profile Jul 23 2005W.L. Properties, Inc.
W.L. Properties, Inc. became a new subsidiary organization for Synovus Bank.
View Profile Jul 23 2005Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Synovus Bank | Buyer | 29,492,165 | Pooling of Interests | Discontinued | 6/1/2010 |
First Florida Bank | Seller | 399,921 | Pooling of Interests | Discontinued | 4/26/2008 |
United Bank And Trust Company | Seller | 618,942 | Pooling of Interests | Discontinued | 7/23/2005 |
United Bank Of The Gulf Coast | Seller | 132,824 | Pooling of Interests | Discontinued | 7/23/2005 |
Relationships | Role | Relationship Start | Relationship End |
Synovus Financial Corp. | Parent | 1/31/2004 | 5/31/2010 |
Peoples Florida Banking Corporation | Parent | 10/22/1999 | 1/30/2004 |
W.L. Properties, Inc. | Subsidary | 6/30/2007 | 5/31/2010 |
U.O.S. Properties, Inc. | Subsidary | 6/30/2007 | 5/31/2010 |
W.L. Properties, Inc. | Subsidary | 7/23/2005 | 6/29/2007 |
U.O.S. Properties, Inc. | Subsidary | 7/23/2005 | 6/29/2007 |
Giants Property, Inc. | Subsidary | 7/23/2005 | 2/27/2006 |
Peoples Insurance L.L.C. | Subsidary | 2/1/2000 | 10/24/2002 |
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