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believe that the liabilities arising from these legal matters will have a material adverse effect on
<br />Synovus' consolidated financial condition, results of operations or cash flows. However, it is
<br />possible that the ultimate resolution of these legal matters could have a material adverse effect
<br />on Synovus' results of operations or financial condition for any particular period. Synovus intends
<br />to vigorously pursue all available defenses to these legal matters but will also considerother
<br />alternatives, including settlement, in situations where there is an opportunity to resolve such legal
<br />matters on terms that Synovus considers to be favorable, including in light of the continued
<br />expense and distraction of defending such legal matters. Synovus maintains insurance coverage,
<br />which may be available to cover legal fees, or potential losses that might be incurred in connection
<br />with such legal matters. The above-noted estimated range of reasonably possible losses does not
<br />take into consideration insurance coverage, which may or may not be available for the respective
<br />legal matters.
<br />Financial Stability of the Bank along with audited financialstatements
<br />Synovus Financial Corp. (NYSE: SNV) is a financial services company based in Columbus, Georgia,
<br />founded in 1888, with approximately $60 billion in assets. Synovus has 245 locations throughout
<br />the Southeast U.S. and has been named one of America’s Best Banks by Forbes. Through its wholly
<br />owned subsidiary, Synovus Bank, the company provides commercial and consumer banking,
<br />including private banking, mortgage services, treasury management, wealth management,
<br />premium finance, asset-based lending, structured lending, capital markets and international
<br />banking.
<br />In addition to our bankingoperations, we also provide various other financial services to our
<br />customers through the following direct and indirect wholly owned non-bank subsidiaries:
<br />Synovus Securities, headquartered in Columbus, Georgia, which specializes in professional
<br />portfolio management for fixed-income securities, investment banking, the execution of
<br />securities transactions as a broker/dealer, asset management and financial planning services,
<br />and the provision of individual investment advice on equity and other securities.
<br />SynovusTrust, headquartered in Columbus, Georgia, which provides trust services.
<br />Synovus Mortgage, headquartered in Birmingham, Alabama, which offers mortgage services.
<br />Creative Financial Group, headquartered in Atlanta, Georgia, which provides planning and
<br />investment advisory services.
<br />and Atlanta-basedGlobal One, a life insurancepremium finance lender.
<br />Synovus’ range of products and services, along with its industry leading reputation and focus on
<br />local communities, make the company a compelling choice for clients in some of the best markets
<br />in the southeast.
<br />First Quarter 2024 Highlights
<br />Our first quarter results demonstrate tangible progress on our strategic priorities, including key
<br />commercial category loan and core deposit growth, client non-interest revenue growth and
<br />excellent operating expense control. We remain focused on raising the bar on service and
<br />deepening client relationships, all while building a more risk resilient bank, which was evidenced
<br />by our highest common equity tier 1 capital ratios in several years and an over 30% decline in
<br />wholesale funding versus last year.
<br />Net income available to common shareholders was $114.8 million, or $0.78 per diluted share,
<br />July 12, 2024Page 9
<br />City of Sunny Isles Beach RFP 24-06-01
<br />Banking Services - Synovus Bank Submission
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