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The Georgia company is finally ready to exit the Troubled Asset Relief Program, allowing executives to set their sights on increasing revenue.
July 19
Synovus Financial (SNV) in Columbus, Ga., will raise roughly $125 million through a preferred stock offering.
The $27 billion-asset company plans to use the funds to help it repurchase securities it issued as part of the Troubled Asset Relief Program.
Synovus said expects to sell 5.2 million shares at $25 each in an offering expected to close on Thursday. The company announced last week that it would
For several quarters, executives have said Synovus would repay Tarp by the end of the year when its
Synovus also reported last week that it