TITLE

Surprising Synovus Deal Shows Tarp Banks Can Do M&A, Too

AUTHOR(S)
Stewart, Jackie
PUB. DATE
June 2013
SOURCE
American Banker;6/ 4/2013, Vol. 178 Issue 85, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses Synovus Financial, a company in Columbus, Georgia that has purchased the failed Sunrise Bank as of June 4, 2013. The article notes analysts' remarks about Synovus' expansion in light of the company still owing the Troubled Asset Relief Program (Tarp) $968 million for a bailout during the 2009 financial crisis. The analysts include Michael Iannaccone, Kevin Fitzsimmons, and Shaheen Dill.
ACCESSION #
88006660

 

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