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Replies to #460 on Synovus (SNV)

parrot head

05/20/14 2:42 PM

#461 RE: FUNMAN #460

Sorry, no idea about a dividend. It appears they have major issues if they're still having to lay off hundreds of people. I feel there's a battle between Synovus Corp and its primary subsidiary Columbus Bank and Trust Co. Synovus likely wants close down some of the Columbus, GA branches and venture out into higher growth areas like Atlanta and Birmingham. Whereas CB&T would benefit from breaking away Synovus and holding onto its Columbus, GA market share and its 20-something branches in ATM's. Just my opinion.