Synovus Adjusts Operating Structure

Davis, Paul
February 2006
American Banker;2/3/2006, Vol. 171 Issue 23, p1
Trade Publication
This article discusses how Synovus Financial Corp. is moving away from its decentralized banking model. CEO Richard Anthony said that it will introduce line-of-business reporting for its lending operations in this quarter's financials. Synovus has also started to consolidate certain back-office functions, such as human resources and loan processing, now handled separately by most, if not all, of its 39 separately chartered banks. Anthony said that one aspect of the C&I initiative is to take successful operations at individual banks and apply their techniques companywide.


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