It’s here. Synovus’ executive leadership and board are in talks to sell the regional bank to a competitor. Strong, hands-on source says this will eliminate the need for a Columbus location, minus the theee top performing branches, and part of their wealth management team. The newer location in ATL will be strongly hit.
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These 2 articles make things more and more clear....
I'm curious about this topic too. It was rumored that PNC had interest on acquiring Synovus but they have since chosen another bank to acquire which makes them top 3 in largest banks of North America. Now with that being said, what other banks have interest in the mess that is Synovus? On paper the earnings, assets, loans look great but if a bank dogs deeper they will find plenty of incompetent leadership.
Bumping. Talks have really picked up. Bye bye Synovus. Hello Tru...
Early retirement offered to several hundred employees. More changes to come.
This has been an ongoing theme for almost a year now.
Please note: What you know of Synovus is going to change. BIG TIME. Don’t be fooled, cuts and outsourcing are rolling out. By 2nd-Q 2021, there will be no FTE working on vacancies within IT and Operations. You can thank your “progressive” CEO for this, and the Director of Talent.
Lots of changes in IT lately. Covert promotions. Managed IT services were brought in to help Production IT Operations, one of which has a former Synovus COO on its board of executives. Strange relationships in IT leadership...idk this might be true.
Where is the truth in this OP? If this is a reliable source of information only time will tell if this is really about to happen.
I'll wait and see what develops....
Was told this morning to expect a furlough
Half of recruiting team will be laid off within the next 30 days, per a Senior HRBP. I am glad she told me so I can be prepared.