8-K

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

July 8, 2005

Date of Report

(Date of Earliest Event Reported)

Synovus Financial Corp.

(Exact Name of Registrant as Specified in its Charter)

Georgia
(State of Incorporation) 1-10312
(Commission File Number) 58-1134883
(IRS Employer Identification No.)

1111 Bay Avenue, Suite 500, Columbus, Georgia 31901

(Address of principal executive offices) (Zip Code)

(706) 649-2267

(Registrant's telephone number, including area code)

________________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01	Entry into a Material Definitive Agreement.
	On July 8, 2005, Synovus Financial Corp. (“Registrant”) amended the Synovus Financial Corp./Total System Services, Inc. Deferred Compensation Plan (“Plan”), in which executive officers of Registrant participate, to provide for the future merger of other non-qualified deferred compensation plans into the Plan, including the merger of the Vital Processing Services, LLC Deferred Retention Compensation Plan. The Plan is filed as Exhibit 10.17 to Registrant’s Annual Report on Form 10-K for the year ended December 31, 2001. Amendment Number One to the Plan is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01	Financial Statements and Exhibits.
	(c)	Exhibits
	Exhibit No.	Description
	10.1	Amendment Number One to Synovus Financial Corp./Total System Services, Inc. Deferred Compensation Plan

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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: July 12, 2005	By:/s/ Kathleen Moates Kathleen Moates Senior Deputy General Counsel

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EX-10.1

Exhibit 10.1

AMENDMENT NUMBER ONE TO

SYNOVUS FINANCIAL CORP./TOTAL SYSTEM SERVICES, INC.

DEFERRED COMPENSATION PLAN

THIS Amendment to the Synovus Financial Corp./Total System Services, Inc. Deferred Compensation Plan (“Plan”) is adopted by Synovus Financial Corp., effective as of July 8, 2005.

1.

A new paragraph “G” is added to Section V of the Plan, as follows:

“G.Plan Mergers. From time to time, other non-qualified deferred compensation plans may be merged into the Plan. All Accounts resulting from such merged plans will be 100% vested as of the date of merger. A list of merged plans, together with any special terms and conditions adopted in connection with the merger, is attached to the Plan as Exhibit “A.”

2.

A new Exhibit “A” is added to the end of the Plan, as follows:

Exhibit “A”

Merged Plans

Plan’s Name	Date of Merger	Terms and Conditions
Vital Processing Services, LLC Deferred Retention Compensation Plan	July 8, 2005	New distribution elections permit- ted until 7/31/05 for participants who have not separated from service (separated participants Stephen Swope will be paid in a lump sum in August of 2005 and Glen Hunter will be paid in May of 2006). New distribution elections may be made for 1-15 years and on annual or monthly basis; other distribution provisions governed by Synovus Plan. Contribution elections grandfathered (including elections for percentages and specific dollar amounts) so long as compliant with Internal Revenue Code Section 409A.

3.

Except as amended herein, the Plan shall continue in full force and effect.

IN WITNESS WHEREOF, this amendment is hereby adopted as of the date indicated above.

Synovus Financial Corp.

By: /s/Steven C. Evans

Name: Steven C. Evans

Title: Senior Vice President

Date: July 8, 2005