SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
October 25, 1995
(Earliest Event Reported)
Synovus Financial Corp.
(Exact Name of Registrant as
Specified in its Charter)
Georgia 1-10312 58-1134883
(State of (Commission File (IRS Employer
Incorporation) Number) Identification
Number)
901 Front Avenue, Suite 301, Columbus, Georgia 31901
(Address of principal executive offices)
(706) 649-2267
(Registrant's Telephone Number)
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On October 25, 1995, Total System Services, Inc. ("TSYS"),
an 80.8% owned subsidiary of Synovus Financial Corp.
("Registrant"), announced the renewal of a long-term contract
with NationsBank to continue processing its credit card portfolio
through September 30, 2000.
A copy of TSYS' press release regarding the announcement
referenced above is attached hereto as Exhibit 99, and
by this reference made a part hereof.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Financial Statements - None.
(b) Pro Forma Financial Information - None.
(c) Exhibits
99 - TSYS' press release dated October 25, 1995
2
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Signature
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, Registrant has caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
SYNOVUS FINANCIAL CORP.
("Registrant")
Dated: October 26, 1995 By:/s/Kathleen Moates
Kathleen Moates
Senior Vice President
3
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Exhibit Index
Exhibit Number Description
99 Total System Services, Inc.'s
press release
dated October 25, 1995
4
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TSYS(Registration Mark) NEWS RELEASE
__________TOTAL SYSTEM SERVICES, INC. (Service Mark)___________________
FOR IMMEDIATE RELEASE
CONTACT: Danita Gibson Betsy Helgager
Assistant Vice President Account Executive
Corporate Relations/Marketing Ketchum Public Relations
(706)649-5578 (404)649-2900
NATIONSBANK RENEWS CARD PROCESSING CONTRACT
WITH TOTAL SYSTEM SERVICES
Company Signs Long-term Agreement for Card Processing
Columbus, Ga., October 25, 1995 - Today, Total System Services, Inc., (NYSE
- -TSS) (TSYS), announced the renewal of a long-term contract with Charlotte,
North Carolina-based NationsBank to continue processing their credit card
portfolio. NationsBank has been a customer of TSYS since the early eighties.
"We have enjoyed a very rewarding relationship with NationsBank over the
years, and we are extremely excited that it will continue with the signing of
this new contract," said Philip W. Tomlinson, TSYS President. "NationsBank is an
aggressive customer, and the TSYS team is committed to helping them achieve
their objectives by providing outstanding customer service and support."
NationsBank Card Services, with more than $6.2 billion in outstanding
loans, is one of the largest issuers of Visa and MasterCard credit cards in the
United States. Headquartered in Charlotte, N.C., NationsBank has a retail
banking franchise in nine states and the District of Columbia. As of September
30, 1995, NationsBank had total assets of $182 billion.
Headquartered in Columbus, Ga., TSYS is one of the world's largest credit,
debit and private-label card processing companies, serving 139 primary card
issuing and acquiring institutions located throughout the United States, Puerto
Rico, Canada and Mexico, representing approximately 57 million cardholder and
600,000 merchant accounts. TSYS offers a comprehensive on-line system of data
processing services marketed as THE TOTAL SYSTEM (Trade Mark). TSYS' 1994
revenues totaled $187.6 million. The company is an 80.8 percent owned subsidiary
of Synovus Financial Corp. (NYSE -"SNV"), a $7.6 billion asset, multi-financial
services company that also incudes 34 banking affiliates in four southeastern
states and a full-service brokerage firm.
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POST OFFICE BOX 1755/COLUMBUS, GEORGIA 31902-1755
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