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
April 23, 1998
(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)
Item 5. Other Events.
On April 23, 1998, Synovus Financial Corp. ("Registrant") announced a
three-for-two stock split. The three-for-two stock split will be issued on May
21, 1998, to shareholders of record as of May 7, 1998 with a brokers' cut-off
date of May 14, 1998.
A copy of the press release regarding the announcement referenced above
is attached hereto as Exhibit 99.1 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
99.1 - Registrant's press release dated April 23, 1998
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: April 23, 1998 By: /s/Kathleen Moates
Kathleen Moates
Senior Vice President
3
Exhibit Index
Exhibit Number Description
99.1 Synovus Financial Corp.'s
press release
dated April 23, 1998
4
[LOGO](R) NEWS RELEASE
SYNOVUS(R)
FINANCIAL CORP.
For Immediate Release
Contact: Patrick A. Reynolds
Director of Investor Relations
(706) 649-5220
Synovus Financial Corp. Announces Three-For-Two Stock Split
Columbus, Ga., April 23, 1998 -- Today, Synovus Financial Corp. (NYSE -
"SNV"), the Columbus, Georgia, based multi-financial services company, announced
a three-for-two stock split. The three-for-two stock split will be issued on May
21, 1998, to shareholders of record as of May 7, 1998 with a brokers' cut-off
date of May 14, 1998.
Commenting on the stock split, Synovus Financial Corp. Chairman and CEO
James H. Blanchard stated, "We are pleased to be able to announce a
three-for-two stock split for the third consecutive year. The market has
recognized Synovus as a unique, value-added company that consistently performs
at the highest levels in our industry, handsomely rewarding our shareholders.
This stock split will bring the price of Synovus Common Stock into a range we
believe is more desirable to a wider group of investors and will broaden our
shareholder base by improving the attractiveness and liquidity of our shares for
each of our stockholders."
Synovus Financial Corp. (Syn o' vus) is a $9.4 billion asset,
multi-financial services company composed of 34 banks serving communities
throughout Georgia, Alabama, Florida and South Carolina; an 80.7% ownership of
Total System Services, Inc. (NYSE - "TSS") (www.totalsystem.com), one of the
world's largest credit, debit, commercial and private-label card processing
companies; Synovus Trust Company, one of the Southeast's largest providers of
trust services; Synovus Securities, Inc., a full-service brokerage firm; and
Synovus Mortgage Corp., which offers mortgage services throughout the Southeast.
The name "Synovus" was created by the combination of synergy and novus - synergy
meaning the interaction of separate components such that the total effect is
greater than the sum of its parts and novus (Latin for "new"), meaning usually
of superior quality and different from the others listed in the same category.
Synovus' Internet address is www.synovus.com.
ENDIT
Post Office Box 120 / Columbus, GA 31902
