Printer Friendly

SYNOVUS FINANCIAL CORP. AND FIRST COMMERCIAL BANCSHARES, INC. ANNOUNCE COMPLETION OF MERGER

 COLUMBUS, Ga., Dec. 31 /PRNewswire/ -- Synovus Financial Corp. (NYSE: SNV), the Columbus, Ga.-based multi-financial services company, and First Commercial Bancshares, Inc. (NASDAQ: FSCB), of Jasper, Ala., today announced they have completed their previously announced merger.
 The merger was accounted for as a pooling of interest and was accomplished by a tax-free exchange of common stock. Shareholders of First Commercial will receive 1.5000 shares of Synovus common stock for each share of First Commercial common stock.
 Synovus Financial Corp. is a $5.1 billion asset, multi-financial services company composed of 31 banks in Georgia, Alabama and Florida, an 80.7 percent ownership of Total System Services, Inc. (NYSE: TSS), a bankcard data processing company, and Synovus Securities, Inc., a full service brokerage firm.
 -0- 12/31/92
 /CONTACT: Richard B. Illges, director of investor relations of Synovus Financial Corp., 706-649-5220, or Robert M. Couch, general counsel and chief financial officer of First Commercial Bancshares, Inc., 205-868-4819/
 (SNV FSCB)


CO: Synovus Financial Corp., First Commercial Bancshares, Inc. ST: Georgia, Alabama IN: FIN SU: TNM

RA-BN -- AT004 -- 0888 12/31/92 11:49 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 31, 1992
Words:183
Previous Article:STARBUCKS COFFEE REPORTS RECORD FIRST-QUARTER RESULTS; NET INCOME RISES 101 PERCENT ON 72-PERCENT INCREASE IN SALES; COMP STORE GROWTH EXCEEDS 25...
Next Article:CENTURA BANKS INC. COMPLETES MERGER WITH ORANGE FEDERAL
Topics:


Related Articles
SYNOVUS FINANCIAL CORP. ACQUIRES DEPOSITS OF BIRMINGHAM FEDERAL SAVINGS BANK
SYNOVUS FINANCIAL AND PNB BANKSHARES, INC. ANNOUNCE AGREEMENT TO MERGE
SYNOVUS FINANCIAL AND PNB BANKSHARES, INC. ANNOUNCE DEFINITIVE MERGER AGREEMENT
SYNOVUS FINANCIAL CORP. AND NBSC CORPORATION ANNOUNCE AGREEMENT TO MERGE
SYNOVUS FINANCIAL AND STATE BANCSHARES, INC. COMPLETE MERGER
SYNOVUS FINANCIAL CORP. ANNOUNCES COMPLETION OF PEACH STATE BANK ACQUISITION
SYNOVUS FINANCIAL CORP. AGREES TO INVEST IN SECURITY FIRST NETWORK BANK
SYNOVUS ANNOUNCES EVANS' RETIREMENT, NAMES JAMES SASC PRESIDENT
Synovus to Acquire Community Bank Capital Corporation
Synovus Completes Acquisition of Community Bank Capital Corporation

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters