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Synovus Financial Corporation Grows Loans 7%; Mortgage Banking Income Falls
Synovus Financial Corporation Grows Loans 7%; Mortgage Banking Income Falls As earnings season continued, Synovus Financial Corporation (NYSE: SNV) reported its fourth-quarter earnings today, with a net income of $35.8 million compared to $709 million in the fourth quarter of 2012. However in the fourth quarter of 2012 the 

Synovus in Ga. Reports Lower Profit on Mortgage Revenue Decline
Reports Lower Profit on Mortgage Revenue Decline. by Sarah Todd. JAN 21, 2014 10:18am ET. Synovus Financial (SNV) in Columbus, Ga., reported lower quarterly earnings because of a decline in mortgage banking revenue and a litigation-related charge.

Synovus Posts Earnings As Expected
Following a slump in mortgage banking income, Synovus Financial Corporation (SNV - Analyst Report) reported its fourth-quarter 2013 net income of 5 cents per share, in line with the Zacks Consensus Estimate. However, results compared favorably with the 

Stocks to Watch: Synovus Financial Corp.(NYSE:SNV), 3D Systems Corporation ...
Synovus financial corp., a financial services and bank holding company, provides integrated financial services. Its integrated financial services include commercial and retail banking, financial management, insurance, and mortgage services. Has SNV

Blair P. Harrington- Synovus Mortgage Corp. Explains the FHA 203k.

There are solutions to financing woes meet Blair Harrington/Synovus Mortgage Corp. as she explains the FHA 203k financing. Watch the entire show ...

Financial Survey: Synovus Financial (SNV) and CIT Group (NYSE:CIT)

About CIT Group

CIT Group Inc. operates as the bank holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The company operates through three segments: Commercial Banking, Consumer Banking, and Non-Strategic Portfolios (NSP). The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring, receivables management products, and secured supply chain financing; and equipment leasing and secured financing to railroads and non-rail companies. The Consumer Banking segment provides mortgage loans and deposits. It accepts deposits, including checking and savings accounts, money market accounts, and certificates of deposit; and offers residential mortgage and small business administration loans, and reverse mortgages, as well as fiduciary services. The NSP segment provides equipment financing, secured lending, and leasing and advisory services to small and middle-market businesses. The company also offers online banking services. It operates through a network of 70 branches located in southern California. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.

Jefferson Financial to Acquire Three Synovus Branches in Mobile and Daphne, Alabama

)--Synovus Financial Corp. (NYSE: SNV) and Jefferson Financial Federal Credit Union today announced that Synovus Bank, a subsidiary of Synovus Financial Corp., has entered into a purchase and assumption agreement to sell two branches in Mobile, Alabama, and one branch in Daphne, Alabama, to Jefferson Financial Federal Credit Union.

The purchase and assumption agreement provides for the transfer by Synovus Bank to Jefferson Financial Federal Credit Union of $138 million in loans, $107 million in deposits, and other assets associated with two Synovus Bank branches located in Mobile, Alabama, and the one Synovus Bank branch located in Daphne, Alabama, in exchange for a deposit premium of $14,500,000.

The purchase of the branches is subject to regulatory approval and satisfaction of customary closing conditions and is expected to be completed in the first quarter of 2019. The Synovus Bank branches will continue operating as Synovus Bank until the transaction is completed. At that time, the branches will operate under the name of Jefferson Financial Federal Credit Union.