Synovus
Financial services
company in the Southeast.
Headquarters:
1111 Bay Avenue, Suite 500
Columbus, GA 31901
Employees: 13,178
CEO: Richard Anthony
Stock Symbol: SNV
Website:
http://www.synovus.com
Career Site
Synovus is a financial services holding
company with $34 billion in assets based in Columbus, GA.
Synovus provides commercial and retail
banking, as well as investment services, to customers through
37 banks, 440 ATMs, and other Synovus offices in Georgia, Alabama,
South Carolina, Florida and Tennessee; and electronic payment
processing through an 81-percent stake in TSYS, one of the world's
largest companies for outsourced payment services.
The company focuses on its unique decentralized
customer delivery model, position in high-growth Southeast markets
and commitment to being a great place to work to ensure the delivery
of unparalleled customer experiences.
Synovus has been named one of "The
100 Best Companies to Work For" in America by FORTUNE
magazine.
In 2006, Synovus reported revenues of $4.1
billion and net income of $616.9 million.
History
The company was founded in the 1880s on
a single act of kindness.
A mill worker at Eagle & Phenix Mill
in Columbus, GA caught her dress in a piece of machinery. As
her dress tore, her life savings, which she had sewn into her
hem thinking it was the safest place for her money, spilled across
the floor.
G. Gunby Jordan, the mill's secretary and
treasurer, happened by and offered to keep her money in the mill
safe and pay her monthly interest on the deposits. He soon offered
the same service to all the mill workers. These first deposits
inspired Mr. Jordan to establish the institution that years later
became Columbus Bank and Trust Company, Synovus' lead bank.
The company has grown with dozens of acquisitions
of smaller banks in Georgia and the Southeast.
Benefits
Healthcare Plans
We offer a competitive benefits
package, including medical, dental and vision plans, and our
team members can select the appropriate plans to meet their own
unique needs. We pay a significant part of the costs for medical
coverage, which includes coverage for prescriptions. The
Dental Plan includes an option for orthodontic coverage.
The Vision Plan includes coverage for frames, lenses and
contacts.
Flexible Spending Accounts
Flexible Spending Accounts help our team members reduce the
costs of medical, dental, vision and dependent care expenses
by allowing them to benefit from the use of pre-tax dollars to
pay for eligible health or dependent care expenses.
Insurance Plans
Our team members take comfort in knowing that their families
will benefit from the assistance of our insurance plans in the
event of a serious injury or death. These insurance plans are
completely paid for by the company. Supplemental plans are available
to our team members at reduced costs.
The company provides Long-Term Disability insurance to
all eligible team members with an option to increase the coverage
at the team member's expense. All premiums are paid on an after-tax
basis, so that the benefit is tax-free.
Retirement Plans
Our retirement package is one of the strongest in the industry.
We want to help our team members build a financially secure future
for themselves and their families. Each component of our Wealth
Building Plan provides incentives for team members to exceed
performance goals; and collectively, the components provide a
way for us to thank team members for a job well done.
Money Purchase Pension Plan. Synovus contributes 7 percent
of a team member's salary per year to this account.
Profit Sharing. Synovus contributes up to 7 percent of
a team member's salary per year in a profit sharing account,
depending on company performance.
401(k). Synovus contributes up to 7 percent of a team
member's salary - depending on company performance - to a 401(k)
account. Team members can also elect to deduct up to 79% of their
salary for their 401(k) account each pay period.
Stock Purchase Plan
Synovus will match 50 cents for every employee dollar in
a stock purchase plan.
Discounts on Banking Services
Eligible team members can take advantage of discounts on
a wide array of bank services, from checking and savings accounts
to credit cards.
Adoption Assistance
Synovus is committed to supporting each team member's work/life
issues, and also recognizes the importance of providing opportunities
to give every child a home and family. The Synovus Financial
Corp. Adoption Assistance Plan provides financial assistance
toward expenses incurred when you adopt a child. The Plan covers
reimbursement for a maximum of two adoptions, with assistance
capped at $5,000 per adoption ($6,000 for U.S. special needs
adoption) and up to 12 weeks of unpaid leave per year according
to the Family and Medical Leave Act.
Updated November 21, 2007
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