StockNews.AI
SNV
StockNews.AI
75 days

Synovus accelerates growth in Atlanta with addition of new talent

1. Synovus plans to hire 20%-30% more relationship managers in three years. 2. Investments target growth in high-opportunity southeastern markets. 3. New hires possess extensive experience in banking and local economies. 4. Focus on building client-centric relationships to enhance competitive edge. 5. Expansion reflects commitment to personalized banking and sustainable growth.

6m saved
Insight
Article

FAQ

Why Bullish?

The increase in hiring relationship managers signifies growth. Historical trends show companies expanding personnel often see subsequent revenues rise.

How important is it?

This strategic hiring aligns with SNV's growth trajectory and could improve market share. The experience of new hires should positively impact client relations.

Why Long Term?

The effect of growing relationship management will take time to generate revenue. Similar strategies in the industry have shown sustainable benefits over several years.

Related Companies

JPMBACBBTSBNYFHN
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus is accelerating its growth by adding new relationship managers in commercial and middle market banking and wealth services, reinforcing its commitment to delivering personalized, relationship-driven banking. The bank expects to increase its hiring of relationship managers by 20%-30% across target growth markets in the southeast over the next three years. “As we expand in high-opportunity markets throughout the southeast, we’re investing in talented individuals who have a deep understanding of local economies and prioritize a client-centric approach with proactive financial guidance,” said Synovus Chairman, CEO and President Kevin Blair. “Our relationship managers play a key role in building strong, lasting partnerships and making a meaningful impact in the communities we serve.” Relationship managers bring extensive industry knowledge and proven expertise to help businesses and individuals navigate today’s ever-changing economic landscape. Synovus is investing in top talent as it continues its transformative path to sustainable growth. Atlanta market additions: Eric Clark, commercial banker Clark has nearly 20 years of relationship management experience within the banking industry, working for various banks in the southeast. He joins Synovus from JP Morgan Chase. Will Clay, wholesale middle market relationship manager Clay has extensive experience with clients in middle market banking from previous roles at Servis 1st Bank and BB&T. Robert Mann, commercial banker Mann brings 25 years of commercial banking experience as a sales and operations executive. A former tax commissioner in Gwinnett County, Georgia, Mann joins Synovus from Bank of America. The bank’s focus on high-opportunity markets includes Atlanta, Georgia; Birmingham, Alabama; Charleston, Columbia, Greenville and Spartanburg, South Carolina; and Miami, Orlando and Tampa, Florida. Core relationship-based banking is fundamental to Synovus, and this growth strategy taps into the bank’s existing networks to gain a stronger competitive edge in these markets. # # # Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com. Forward-Looking Statements This press release contains statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through Synovus’ use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “should,” “predicts,” “could,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions of the future or otherwise regarding the outlook for Synovus’ future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements are based upon information presently known to Synovus’ management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2024, under the captions “Cautionary Notice Regarding Forward-Looking Statements” and “Risk Factors” and in Synovus’ quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law. More News From Synovus Financial Corp.

Related News