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Synovus Expands into Augusta; New Office Marks Synovus' Entry into Growing Georgia Market.

COLUMBUS, Ga. -- Synovus (NYSE: SNV), the Columbus, Georgia-based diversified financial services company, today announced that its Georgia-based Athens First Bank & Trust has expanded into the Augusta market by opening its first office under the trade name Augusta First Bank & Trust. Athens First has adopted the legal name AFB&T to support this and future expansions. E[acute accent]"Augusta is an excellent Georgia market for us to move into and offers outstanding potential for growth," said Fred L. Green, Vice Chairman of Banking Operations for Synovus. "By leveraging the resources of our Athens First team, Synovus will be well positioned to build a new network of customers in the thriving Augusta area. We have a talented and experienced team in place to offer our Augusta customers a responsive and professional banking team that is able to offer an extensive array of products and services." E[acute accent]Augusta First Bank & Trust has opened a temporary location at 3716-A Executive Center Drive and will initially operate as a loan production office. By November, additional branch banking services will be available and by February 2006, Augusta First will operate as a full-service branch offering a complete range of integrated financial services, including banking, trust, brokerage, insurance and mortgage. Additionally, Augusta First is in the process of identifying other sites to serve as permanent branch locations in the Augusta area and anticipates having two full service branches by late summer, 2006. E[acute accent]Athens First has named two key executives who will launch and manage the Augusta First office. W. Tattnall "Tat" Thompson, IV, a Waynesboro native with 35 years of banking experience in the Augusta market, has been selected to oversee bank operations as City President. Jody F. Patton will serve as the bank's Vice President for Commercial Banking. Patton began his career with SunTrust and has served as a commercial real estate lender since 1998. E[acute accent]Commenting on the announcement, Athens First CEO Bill Douglas stated, "Opening in Augusta represents strategic growth for both Athens First and Synovus. Augusta is the perfect market for us to deliver our decentralized brand of banking. We are committed to growing our team with the finest Augusta bankers to drive our aggressive growth strategies. Having Tat and Jody already in place lets us hit the ground running, delivering the same great products and customer service in Augusta we've offered in Athens since 1929."

E[acute accent]Synovus (NYSE: SNV) is a diversified financial services holding company with more than $26 billion in assets based in Columbus, GA. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 39 banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: TSS), one of the world's largest companies for outsourced payment services. FORTUNE magazine has named Synovus one of "The 100 Best Companies to Work For" in America, and has recognized Synovus in its Hall of Fame for consecutive appearances on the list since its inception in 1998. In 2005, Synovus also appeared on "America's Most Admired Companies" list. See Synovus on the web at
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Publication:Business Wire
Date:Oct 17, 2005
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