TITLE

Synovus Adjusts Operating Structure

AUTHOR(S)
Davis, Paul
PUB. DATE
February 2006
SOURCE
American Banker;2/3/2006, Vol. 171 Issue 23, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
19651916

 

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