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SYNOVUS FINANCIAL CORP. ANNOUNCES THREE-FOR-TWO STOCK SPLIT AND A 16.6 PERCENT INCREASE IN THE QUARTERLY DIVIDEND

 COLUMBUS, Ga., March 8 /PRNewswire/ -- Synovus Financial Corp. (NYSE: SNV), the Columbus, Ga.-based multi-financial services company, today announced a three-for-two stock split in the form of a 50 percent stock dividend on the common stock of Synovus and a 16.6 percent increase in the quarterly dividend.
 On a post-split basis, the quarterly dividend will be increased to $.0933 from $.08. The dividend and stock split will be payable on April 1 to shareholders of record as of March 18.
 Commenting on the stock split and increased dividend, Synovus Financial Corp. Chairman, James H. Blanchard stated: "We are pleased to be able to announce a three-for-two stock split and a 16.6 percent dividend increase. The market has rewarded Synovus' shareholders with an increased valuation and this stock split and dividend increase is indicative of our board of directors' confidence about our future."
 Synovus Financial Corp. is a $5.2 billion asset, multi-financial services company composed of 31 community banks in Georgia, Alabama and Florida, an 80.7 percent ownership in Total System Services, Inc. (NYSE: TSS), the second-largest credit card processing company in the world, and Synovus Securities, Inc., a full-service brokerage firm.
 -0- 3/8/93
 /CONTACT: Richard B. Illges, director of investor relations of Synovus Financial Corp., 706-649-5220/
 (SNV TSS)


CO: Synovus Financial Corp. ST: Georgia IN: FIN SU: DIV

RA-BR -- AT008 -- 4006 03/08/93 12:20 EST
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Publication:PR Newswire
Date:Mar 8, 1993
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