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

October 18, 2006

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 October 18, 2006, as reported below in Item 5.02, James H. Blanchard resigned as Chairman of the Board of Directors of Synovus Financial Corp. (“Synovus”). Mr. Blanchard will continue to serve as a director of Synovus. The plan for this management change was previously reported in Synovus’ Current Report on Form 8-K dated June 14, 2005. On October 18, 2006, Synovus entered into a one-year consulting agreement with Mr. Blanchard pursuant to which Mr. Blanchard will provide consulting and advisory services to Synovus. Mr. Blanchard will be paid a consulting fee of $26,667 per month during the term of the Consulting Agreement, which ends on October 18, 2007. In addition, Mr. Blanchard will be entitled to the personal use of Synovus aircraft in accordance with the Synovus Financial Corp. Personal Use of Aircraft Policy during the term of the Consulting Agreement which, in general, will entitle Mr. Blanchard to 25 hours of personal use of Synovus aircraft during the term of the Consulting Agreement. Mr. Blanchard will also be entitled to certain office space and administrative assistance during the term of the Consulting Agreement and for two years thereafter. The foregoing description of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to such agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 2.02	Results of Operations and Financial Condition.
	On October 18, 2006, Synovus issued a press release and will hold an investor call and webcast to disclose financial results for the quarter ended September 30, 2006. The press release and Supplemental Information for use at this investor call are attached hereto as Exhibits 99.1 and 99.2 and incorporated herein by reference. This information shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into any document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934 except as shall be expressly set forth by specific reference in such filing.

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Item 5.02	Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
	On October 18, 2006, James H. Blanchard resigned as Chairman of the Board of Directors of Synovus and the Board of Directors elected Richard E. Anthony, Chief Executive Officer of Synovus, as Chairman of the Board, effective October 18, 2006. Mr. Blanchard will continue to serve as a director of Synovus and Mr. Anthony will continue to serve as Chief Executive Officer of Synovus. The plans for these management changes were previously reported in Synovus’ Current Report on Form 8-K dated June 14, 2005. On October 18, 2006, the Board of Directors of Synovus elected Frederick L. Green, III as President and Chief Operating Officer of Synovus. Mr. Green, age 48, has been Vice Chairman of Synovus since 2003. From 1991 to 2003, Mr. Green served in various capacities with The National Bank of South Carolina, a banking subsidiary of Synovus, including President of The National Bank of South Carolina. In connection with his election as President and Chief Operating Officer, Synovus’ Compensation Committee increased Mr. Green’s annual base salary from $390,000 to $500,000 and established a target percentage payout of 85% for Mr. Green under Synovus’ Executive Cash Bonus Plan, effective November 1, 2006. The Board of Directors also elected Mr. Green to the Board of Directors of Synovus, effective as of October 18, 2006. Mr. Green will serve until the 2007 Annual Meeting of Shareholders. Attached as Exhibit 99.3 and incorporated herein by reference is the press release issued by Synovus on October 18, 2006 announcing these changes in its management.
Item 7.01	Regulation FD Disclosure. See Item 2.02 above.
Item 9.01	Financial Statements and Exhibits.
	(d)	Exhibits
	Exhibit No.	Description
	10.1	Consulting Agreement dated October 18, 2006 by and between Synovus and James H. Blanchard
	99.1	Synovus’ press release dated October 18, 2006 with respect to earnings

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99.2	Supplemental Information prepared for use with the earnings press release
99.3	Synovus’ press release dated October 18, 2006 with respect to management changes

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SYNOVUS FINANCIAL CORP.
Dated: October 18, 2006	By:/s/ Kathleen Moates        Kathleen Moates        Senior Deputy General Counsel

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EX-10.1

Exhibit 10.1

CONSULTING AGREEMENT

THIS CONSULTING AGREEMENT is made and entered into as of the 18th day of October, 2006 by and between JAMES H. BLANCHARD, an individual resident of the State of Georgia (“Blanchard”), and SYNOVUS FINANCIAL CORP., a business corporation organized and existing under the laws of the State of Georgia (“Synovus”).

W I T N E S S E T H :

WHEREAS, Blanchard served as Chief Executive Officer of Synovus from 1971 until being named Chairman of the Board of Directors in July of 2005;

WHEREAS, Blanchard has decided to retire from his position as an executive employee of Synovus effective October 18, 2006 and to resign his position as Chairman of the Board of Directors at such time;

WHEREAS, it is the desire of Synovus to provide for a smooth and orderly transition of its executive leadership; and

WHEREAS, it is the desire of Synovus to avail itself of the knowledge and experience of Blanchard in selected areas where his advice, counsel and efforts can be the most meaningful for one year beyond his retirement date as an employee of Synovus.

NOW THEREFORE, for and in consideration of the mutual covenants and agreements set forth herein, Blanchard and Synovus, intending to be legally bound, do hereby agree as follows:

Section I.

CONSULTING RELATIONSHIP

Synovus hereby engages Blanchard, and Blanchard hereby accepts such engagement to perform such consulting and advisory services as may be requested from time to time by the Chief Executive Officer of Synovus or the Board of Directors of Synovus. Among the services requested, Blanchard will: (1) provide advice and counsel on the financial services industry and continuing to represent Synovus in various financial services organizations, including serving as Chairman of the Financial Services Roundtable through December of 2006 and as Past Chairman of the Financial Services Roundtable through December of 2007, and continuing to serve as a Director of the American Bankers Association and BITS; (2) provide advice and counsel with respect to Synovus' civic and community relations activities, including continuing his membership as a Director of the Georgia Research Alliance, the Georgia Chamber of Commerce and the Georgia Appleseed Center for the Law and Public Interest; (3) develop major prospective customers and existing customer relationships, as well as

entertain customers and prospective customers; and (4) provide employee and leadership training as requested by Synovus, including speaking engagements at the Synovus Leadership Institute.

In providing such services, the Chief Executive Officer and Blanchard will agree on the appropriate work schedule necessary to accomplish the requested services and desired results. Blanchard will control the means, methods, time, resources, and manner required to perform the consulting and advisory services requested from him.

Section II.

TERM OF ENGAGEMENT

Blanchard’s engagement under this Consulting Agreement shall commence as of October 18, 2006, and end on October 18, 2007.

Section III.

COMPENSATION

3.1In consideration of the consulting services to be rendered by Blanchard hereunder, and in consideration of the covenants and agreements of Blanchard herein contained, Synovus hereby agrees to pay to Blanchard, for each month (or partial month) during the term of this Consulting Agreement, a consulting fee of $26,667.00. Payments made hereunder shall be paid to Blanchard on the last day of each month during the term hereof.

3.2During the term of this Agreement, Blanchard shall be entitled to twenty-five (25) hours of personal use of Synovus/TSYS aircraft in accordance with the Synovus/TSYS Personal Use of Company Aircraft policy (“Policy”), as such Policy may be amended from time to time. A copy of the current version of the Policy, as it exists on the date of this Agreement, is attached as Exhibit “A” and made a part hereof by this reference.

3.3During the term of this Agreement, and for a period of two years thereafter, Synovus shall provide Blanchard with access to office space and administrative assistance.

3.4Blanchard acknowledges that he is an independent contractor for all purposes. Blanchard agrees to treat all payments made to him hereunder as payments received by an independent contractor for all tax purposes and to pay any and all taxes payable in connection with his engagement hereunder, including, without limitation, all applicable income and self employment taxes.

3.5 Blanchard shall be eligible to receive an annual bonus payment for 2006 performance in accordance with the terms of the Synovus Financial Corp. Executive

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Bonus Plan, with such bonus amount to be paid as soon as practicable in 2007 based upon employee compensation received by Blanchard during 2006.

Section IV.

BOARD POSITIONS

Blanchard agrees to continue to serve as a member of the Board of Directors of Synovus and Total System Services, Inc. Synovus and Blanchard agree to review Blanchard’s Board of Director positions and memberships on a periodic basis during the term of this Agreement.

Section V.

DEATH OR DISABILITY

Blanchard’s engagement under this Consulting Agreement shall terminate upon Blanchard’s death or total and permanent disability. For purposes of this Consulting Agreement, the term “total and permanent disability” shall mean the substantial physical or mental inability of Blanchard to fulfill his duties under this Consulting Agreement as certified to in writing by two (2) competent physicians practicing in Columbus, Georgia, one of whom shall be selected by Synovus’ Board of Directors and the other of whom shall be selected by Blanchard or his duly appointed guardian or legal representative.

Section VI.

NONDISCLOSURE

6.1Blanchard shall hold in confidence at all times after the date hereof all Trade Secrets, and shall not disclose, publish or make use at any time after the date hereof the Trade Secrets without the prior written consent of Synovus. Blanchard also agrees that during the term of his engagement under this Consulting Agreement and for a period of two (2) years following the termination thereof, Blanchard will hold in confidence all Confidential Information and will not disclose, publish or make use of Confidential Information without the prior written consent of Synovus.

6.2For the purposes of this Consulting Agreement, “Confidential Information” shall mean any data or information, other than Trade Secrets, which is valuable to Synovus or any of its subsidiaries or affiliates (hereinafter the “Synovus Companies”) and not generally known to competitors of the Synovus Companies. “Trade Secrets” shall mean information belonging to or hereafter acquired by any of the Synovus Companies, including, but not limited to, technical or nontechnical data, a formula, pattern, compilation, program, device, method, technique, drawing, process, financial data, financial plan, product plan, list of actual or potential customers or suppliers, or other information similar to any of the foregoing, which derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by

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proper means by, other persons who can derive economic value from its disclosure or use. For purposes of this Consulting Agreement, the term Trade Secrets shall not include information that Blanchard can show by competent proof (i) was known to Blanchard and reduced to writing prior to disclosure by any of the Synovus Companies (but only if Blanchard promptly notifies Synovus of his prior knowledge); (ii) was generally known to the public at the time any of the Synovus Companies disclosed the information to Blanchard, (iii) became generally known to the public after disclosure by any of the Synovus Companies through no act or omission of Blanchard; or (iv) was disclosed to Blanchard by a third party having a bona fide right both to possess the information and to disclose the information to Blanchard.

Section VII.

MISCELLANEOUS

7.1Governing Law. This Consulting Agreement shall be governed by and interpreted under the laws of the State of Georgia without regard to its conflict or choice of law provisions.

7.2Notices. All notices or other communications required or permitted hereunder or necessary and convenient in connection herewith shall be in writing and delivered in person or by express delivery service or postage prepaid first class mail, return receipt requested, to the following addresses:

If to Blanchard:

James H. Blanchard

1101 Marina Cove Circle

Columbus, GA 31904

If to Synovus:

Synovus Financial Corp.

Attn: General Counsel

P.O. Box 120

Columbus, Georgia 31902

or to such other addresses as Blanchard or Synovus may designate by notice to the other parties hereto in the manner set forth in this Section VII.

7.3Entire Agreement. This Consulting Agreement sets forth the entire agreement of the parties hereto with respect to the subject matter hereof and may not be changed or amended except upon written amendment executed by the parties hereto.

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7.4Assignment. All of the terms and provisions of this Consulting Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective heirs, representatives, successors and assigns of the parties hereto, except that the duties and responsibilities of Blanchard hereunder shall not be assignable in whole or in part by Blanchard.

7.5Counterparts. This Consulting Agreement may be executed in two or more counterparts, each of which, when executed, shall be deemed an original instrument.

IN WITNESS WHEREOF, Synovus has caused this Consulting Agreement to be executed on its behalf and Blanchard has hereunto set his hand and seal, as of the day and year first above written.

SYNOVUS FINANCIAL CORP.

By: /s/G. Sanders Griffith, III

Name: G. Sanders Griffith, III

Title: Senior Executive Vice President

/s/James H. Blanchard         (L.S.)

James H. Blanchard

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Exhibit "A"

Effective October 18, 2006

SYNOVUS FINANCIAL CORP./TOTAL SYSTEM SERVICES, INC.

Personal Use of Company Aircraft

Key Executives are each allowed a maximum number of hours of personal use of company aircraft each calendar year as set forth below.

Personal use of company aircraft by Key Executives includes non-business flights upon which the Key Executive and his or her non-business guests are the only passengers aboard the aircraft and also includes non-business flights upon which the Key Executive is not aboard the aircraft but his or her non-business guests are the only passengers aboard the aircraft. Personal use must be scheduled when aircraft are not scheduled for business use.

Personal use of company aircraft is calculated using “block hours,” as opposed to “flight hours,” and includes “deadhead legs.”

For purposes of calculating the number of hours of personal use of company aircraft, each block hour of turbo-prop usage shall equal “one hour of personal usage” and each block hour of jet usage shall equal “five hours of personal usage.” Usage of less than whole hours shall be recorded proportionately. De minimis overages may be approved by Sanders Griffith to reflect unforeseen delays (such as traffic and weather delays) and other scheduling issues.

Personal use of company aircraft by Key Executives and their non-business guests is tracked and the value reported for tax purposes for the Key Executive.

The following Executives are designated as eligible for the indicated number of hours of personal use of company aircraft:

Synovus

Richard Anthony—Synovus President and CEO-30 hours of turbo-prop use/6 hours of jet use

Fred Green—Synovus President and COO—20 hours of turbo-prop use/4 hours of jet use

Jim Blanchard—Retired Synovus Chairman—25 hours of turbo-prop use/5 hours of jet use

Sanders Griffith—Synovus General Counsel—20 hours of turbo-prop use/4 hours of jet use

Lee Lee James—Synovus Vice Chairman—20 hours of turbo-prop use/ 4 hours of jet use

Tommy Prescott—Synovus CFO—20 hours of turbo-prop use/4 hours of jet use

TSYS

Phil Tomlinson—TSYS Chairman and CEO—30 hours of turbo-prop use/6 hours of jet use

Troy Woods—TSYS President and COO—30 hours of turbo-prop use/6 hours of jet use

Bill Pruett—Senior Executive Vice President—20 hours of turbo-prop use/4 hours of jet use

Ken Tye—Senior Executive Vice President and CIO—20 hours of turbo-prop use/4 hours of jet use

Jim Lipham—Senior Executive Vice President and CFO—20 hours of turbo-prop use/4 hours of jet use

EX-99.1

Exhibit 99.1

For Immediate Release

Contact: Patrick A. Reynolds

Director of Investor Relations

(706) 649-4973

Synovus Reports 15% Increase in Net Income for Third Quarter 2006

Financial Services Segment’s Net Income Growth of 15.6% Continues the Excellent Pace for the Year

Columbus, Ga., October 18, 2006 — Synovus’ third quarter earnings grew 15.0% over the third quarter 2005 to $154.1 million, which represented earnings per share growth of 10.9% to $.47 per share, Synovus’ Chief Executive Officer Richard E. Anthony announced today.

“The third quarter and first nine months of 2006 have confirmed our excellent growth momentum with both the Synovus Financial Services segment and TSYS providing the key drivers for an outstanding third quarter,” said Anthony. “Excellent credit quality and strong loan growth drove the earnings momentum in the quarter for the Financial Services segment.”

Return on assets for the quarter was 2.00% and return on equity was 17.63% for the third quarter 2006, compared to 2.01% and 18.77%, respectively, in the same period last year. Shareholders’ equity at September 30, 2006 was $3.55 billion, which representeda very strong 11.32% of quarter-end assets. Total assets ended the quarter at $31.3 billion, an increase of 15.7% from the same period last year.

Financial Services’ net income was up 15.6 % over the third quarter last year. Net interest income grew 19.2% over the third quarter last year as total loans grew 15.7% and the net interest margin was 4.30%, compared to 4.18% in the third quarter last year and down from last quarter’s excellent 4.39% level. The third quarter net interest margin is lower than last quarter due to an increase in funding costs which was driven by a continued depositor shift to higher cost certificates of deposit and money market accounts. Total core deposit growth (excludes brokered time deposits) was 16.9% over last year. Fundamental core deposit growth (excluding acquisitions) was 12.8% over 2005. Fundamental loan growth was 11.8% year over year.

Asset quality continued the excellent trend that began in 2004. The net charge-off ratio was 0.20% compared to 0.17% last quarter and 0.26% in the third quarter of last year. The ratio of nonperforming assets to loans and other real estate was 0.52%, compared to 0.48% last quarter and 0.49% in the third quarter last year. The allowance for loan losses was 1.32% of loans, which provides coverage of 338% of nonperforming loans. The provision for loan losses covered net charge-offs by 1.52x for the quarter.

Financial Services’ non-interest income was up 2.4% over the third quarter last year with increases in bankcard fees of 17.3% and brokerage and investment banking revenue of 12.1%. Mortgage banking revenue was up 2.0%, service charges on deposit accounts were up 4.4%, and fiduciary and asset management fees – which include trust, financial planning and asset management fees – were up 6.3%,

Post Office Box 120 / Columbus, GA 31902

www.synovus.com

Synovus Reports 15% Increase in Net Income for Third Quarter/p. 2

compared to the third quarter last year. Financial Services’ non-interest expense was up 18.7%

compared to the third quarter of 2005, due primarily to the $4.4 million impact of stock-based compensation expense and other increases in personnel expenses from our expansion of the branch network. The efficiency ratio was 50.0% for the quarter compared to 48.4% for the third quarter last year.

TSYS reported net income of $54.3 million for the third quarter 2006 compared to $48.1 million last year, a 13.0% increase. Diluted earnings per share for the quarter increased to $0.28 up from $0.24 last year, a 13.3% increase. During the quarter, TSYS converted over 42 million Capital One accounts onto its TS2 platform, increased its equity interest in China UnionPay Data (CUP Data) to 44.6%, entered an agreement with Toyota Finance in Japan to process a new multifunction co-branded Visa card offered by Toyota Finance and Nikko Cordial Securities, and TSYS Acquiring Solutions and Discover Financial Services announced plans to integrate Discover Network card acceptance into its offering for merchant acquirers and independent sales organizations.

Anthony concluded, “As a result of the third quarter performance, our expectation is now to have approximately 15% earnings per share growth for 2006. This expectation includes the estimated impact of expensing the fair value of stock options beginning in 2006 as well as expenses associated with restricted stock awards. The incremental (as compared to 2005) after-tax expense for both options and restricted stock awards in 2006 is estimated at 5 cents per diluted share. For the remainder of 2006, we expect stable short term interest rates, the credit environment will remain favorable, and TSYS will perform within its new range of guidance. Our retail banking initiative, which we implemented in 2005, is expanding core retail deposit growth, home equity loan growth, and fee income from retail product sales this year. As we look into the remainder of 2006, an important initiative is the acceleration of commercial and industrial customer growth. Our focus for this initiative is to grow C&I loans and to broaden existing relationships with the cross sale and penetration of specialty products such as corporate cash management, asset–based loans, and capital markets products. Synovus will continue to focus on growing deposits, managing the loan growth, quality and mix, maintaining a strong margin, expanding fee income and continuing to refine our processes to improve efficiencies. With our very dedicated and highly motivated team members and our strong balance sheet, we believe we are in position to achieve high earnings performance for the remainder of the year and beyond.”

Synovus will host an earnings highlights conference call at 4:30 pm EDT, on October 18, 2006. Shareholders and other interested persons may listen to this conference call via simultaneous Internet broadcast at www.synovus.com by clicking on the “Live Webcast” icon. You may download RealPlayer or Windows Media Player (free download available) prior to accessing the actual call or the replay. The replay will be archived for 12 months and will be available 30-45 minutes after the call.

Synovus (NYSE: “SNV”) is a diversified financial services holding company with over $30 billion in assets based in Columbus, Georgia. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 40 banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: “TSS”), one of the world’s largest companies for outsourced payment services. Synovus has been named one of “The 100 Best Companies To Work For” in America by FORTUNE magazine, and has been recognized in its Hall of Fame for consecutive appearances on the list since its inception in 1998. In 2005, Synovus was also named as one of “America’s Most Admired Companies”. See Synovus on the Web at www.synovus.com.

Post Office Box 120 / Columbus, GA 31902

www.synovus.com

Synovus Reports 15% Increase in Net Income for Third Quarter/p. 3

This press release contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding Synovus’ expected growth in earnings per share for 2006, Synovus’ belief that it is in a position to achieve high earnings performance, and the assumptions underlying such statements, including, with respect to Synovus’ expected increase in earnings per share for 2006, stable short term interest rates; a favorable credit environment; TSYS’ earnings growth in the 26 – 28 % range; and incremental (as compared to 2005) equity-based compensation expense of approximately 5 cents per diluted share. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. A number of important factors could cause actual results to differ materially from those contemplated by the forward- looking statements in this press release. Many of these factors are beyond Synovus’ ability to control or predict. These factors include, but are not limited to, competitive pressures arising from aggressive competition from other financial service providers; factors that affect the delinquency rate on Synovus’ loans and the rate at which Synovus’ loans are charged off; changes in the cost and availability of funding due to changes in the deposit market and credit market, or the way in which Synovus is perceived in such markets; inflation, interest rate, market and monetary fluctuations; TSYS’ earnings growth is lower that anticipated; the strength of the United States economy in general and the strength of the local economies in which Synovus conducts operations may be different than expected; the timely development of competitive new products and services and the acceptance of such by customers; Synovus’ inability to control expenses; a deterioration in credit quality or a reduced demand for credit; the costs and effects of litigation, regulatory investigations, or similar matters, or adverse facts and developments related thereto; the impact of the application of and/or changes in accounting principles; the effects of changes in government policy, laws and regulations, or the interpretation or application thereof, including restrictions and/or limitations arising from banking laws, regulations and examinations; changes in consumer spending, borrowing and saving habits; technological changes; and the impact on Synovus’ business, as well as on the risks set forth above, of various domestic or international military or terrorist activities or conflicts. Additional factors that could cause actual results to differ materially from those contemplated in this press release can be found in Synovus’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, 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. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise.

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Post Office Box 120 / Columbus, GA 31902

www.synovus.com

EX-99.2

Exhibit 99.2

	Synovus								4 of 11
		INCOME STATEMENT		Nine Months Ended
		(In thousands, except per share data)		September 30,
				2006		2005	Change
		Interest Income (Taxable Equivalent)	$	1,475,205		1,081,766	36.4	%
		Interest Expense		628,594		368,141	70.7
		Net Interest Income (Taxable Equivalent)		846,611		713,625	18.6
		Tax Equivalent Adjustment		4,369		4,873	(10.3)
		Net Interest Income		842,242		708,752	18.8
		Provision for Loan Losses		56,473		61,745	(8.5)
		Net Interest Income After Provision		785,769		647,007	21.4
		Non-Interest Income:
		Electronic Payment Processing Services		685,264		644,070	6.4
		Merchant Services		195,318		170,009	14.9
		Other Transaction Processing Services Revenue		136,401		137,868	(1.1)
		Service Charges on Deposits		85,983		83,593	2.9
		Fiduciary and Asset Management Fees		35,090		33,342	5.2
		Brokerage and Investment Banking Revenue		20,009		17,871	12.0
		Mortgage Banking Income		22,419		21,604	3.8
		Bankcard Fees		32,921		27,406	20.1
		Securities Gains (Losses)		(2,118)		598	nm
		Other Fee Income		28,667		23,537	21.8
		Other Non-Interest Income		28,309		28,905	(2.1)
		Non-Interest Income before Reimbursable Items		1,268,263		1,188,803	6.7
		Reimbursable Items		267,825		227,975	17.5
		Total Non-Interest Income		1,536,088		1,416,778	8.4
		Non-Interest Expense:
		Personnel Expense		717,825		612,120	17.3
		Occupancy & Equipment Expense		297,700		274,245	8.6
		Other Non-Interest Expense		316,283		315,922	0.1
		Non-Interest Expense before Reimbursable Items		1,331,808		1,202,287	10.8
		Reimbursable Items		267,825		227,975	17.5
		Total Non-Interest Expense		1,599,633		1,430,262	11.8
		Minority Interest in Consolidated Subsidiaries		31,311		27,810	12.6
		Income Before Taxes		690,913		605,713	14.1
		Income Tax Expense		249,543		226,527	10.2
		Net Income	$	441,370		379,186	16.4
		Basic Earnings Per Share	$	1.38		1.22	13.2	%
		Diluted Earnings Per Share		1.37		1.20	13.5
		Dividends Declared Per Share		0.59		0.55	6.8
		Return on Assets		2.01	%	1.95	6	bp
		Return on Equity		18.04		18.35	(31)
		Average Shares Outstanding - Basic		320,063		311,204	2.8	%
		Average Shares Outstanding - Diluted		322,860		314,648	2.6
bp - change is measured as difference in basis points
nm - not meaningful

Synovus														5 of 11
	INCOME STATEMENT
	(In thousands, except per share data)		2006						2005				3rd Quarter
			Third		Second		First		Fourth		Third		'06 vs. '05
			Quarter		Quarter		Quarter		Quarter		Quarter		Change
	Interest Income (Taxable Equivalent)	$	535,038		499,191		440,977		420,898		388,076		37.9	%
	Interest Expense		241,027		210,510		177,057		159,237		141,587		70.2
	Net Interest Income (Taxable Equivalent)		294,011		288,681		263,920		261,661		246,489		19.3
	Tax Equivalent Adjustment		1,409		1,478		1,484		1,566		1,664		(15.3)
	Net Interest Income		292,602		287,203		262,436		260,095		244,825		19.5
	Provision for Loan Losses		18,390		18,534		19,549		20,787		19,639		(6.4)
	Net Interest Income After Provision		274,212		268,669		242,887		239,308		225,186		21.8
	Non-Interest Income:
	Electronic Payment Processing Services		230,273		234,519		220,472		223,844		223,123		3.2
	Merchant Services		65,548		65,820		63,949		67,409		74,208		(11.7)
	Other Transaction Processing Services Revenue		44,812		46,463		45,125		45,544		44,030		1.8
	Service Charges on Deposits		29,860		29,409		26,712		28,572		28,598		4.4
	Fiduciary and Asset Management Fees		11,868		11,509		11,713		11,544		11,167		6.3
	Brokerage and Investment Banking Revenue		6,502		6,559		6,947		6,616		5,801		12.1
	Mortgage Banking Income		8,440		8,105		5,873		7,078		8,276		2.0
	Bankcard Fees		11,394		10,992		10,535		10,858		9,713		17.3
	Securities Gains (Losses)		(982)		(1,062)		(73)		(135)		-		nm
	Other Fee Income		9,679		10,038		8,950		9,377		8,217		17.8
	Other Non-Interest Income		9,878		9,263		9,172		6,689		12,599		(21.6)
	Non-Interest Income before Reimbursable Items		427,272		431,615		409,375		417,396		425,732		0.4
	Reimbursable Items		99,187		86,138		82,500		84,306		79,644		24.5
	Total Non-Interest Income		526,459		517,753		491,875		501,702		505,376		4.2
	Non-Interest Expense:
	Personnel Expense		256,220		233,847		227,758		224,251		213,695		19.9
	Occupancy & Equipment Expense		100,504		99,495		97,700		93,965		98,772		1.8
	Other Non-Interest Expense		97,514		112,934		105,836		110,608		113,300		(13.9)
	Non-Interest Expense before Reimbursable Items		454,238		446,276		431,294		428,824		425,767		6.7
	Reimbursable Items		99,187		86,138		82,500		84,306		79,644		24.5
	Total Non-Interest Expense		553,425		532,414		513,794		513,130		505,411		9.5
	Minority Interest in Consolidated Subsidiaries		10,406		11,165		9,740		9,571		9,306		11.8
	Income Before Taxes		236,840		242,843		211,228		218,309		215,845		9.7
	Income Tax Expense		82,774		90,046		76,722		81,049		81,853		1.1
	Net Income	$	154,066		152,797		134,506		137,260		133,992		15.0
	Basic Earnings Per Share	$	0.48		0.47		0.43		0.44		0.43		10.8
	Diluted Earnings Per Share		0.47		0.47		0.43		0.44		0.43		10.9
	Dividends Declared Per Share		0.20		0.20		0.20		0.18		0.18		6.8
	Return on Assets		2.00	%	2.07	%	1.96	%	2.00	%	2.01	%	(1)	bp
	Return on Equity		17.63		18.45		17.88		18.74		18.77		(114)
	Average Shares Outstanding - Basic		323,657		322,783		313,639		312,298		311,842		3.8	%
	Average Shares Outstanding - Diluted		326,834		325,421		316,208		315,280		315,336		3.6
bp - change is measured as difference in basis points.
nm - not meaningful

Synovus						6 of 11
Financial Services Segment
	INCOME STATEMENT		Nine Months Ended
	(In thousands)		September 30,
			2006		2005	Change
	Interest Income (Taxable Equivalent)	$	1,475,178		1,081,783	36.4	%
	Interest Expense		633,917		370,538	71.1
	Net Interest Income (Taxable Equivalent)		841,261		711,245	18.3
	Tax Equivalent Adjustment		4,343		4,854	(10.5)
	Net Interest Income		836,918		706,391	18.5
	Provision for Loan Losses		56,473		61,745	(8.5)
	Net Interest Income After Provision		780,445		644,646	21.1
	Non-Interest Income:
	Service Charges on Deposits		85,983		83,593	2.9
	Fiduciary and Asset Management Fees		35,707		33,725	5.9
	Brokerage and Investment Banking Revenue		20,009		17,871	12.0
	Mortgage Banking Income		22,419		21,604	3.8
	Bankcard Fees		32,921		27,406	20.1
	Securities Gains (Losses)		(2,118)		598	nm
	Other Fee Income		28,667		23,538	21.8
	Other Non-Interest Income		38,247		34,100	12.2
	Total Non-Interest Income		261,835		242,435	8.0
	Non-Interest Expense:
	Personnel Expense		335,243		274,552	22.1
	Occupancy & Equipment Expense		73,899		65,972	12.0
	Other Non-Interest Expense		151,961		136,218	11.6
	Total Non-Interest Expense		561,103		476,742	17.7
	Income Before Taxes		481,177		410,339	17.3
	Income Tax Expense		171,050		148,341	15.3
	Net Income	$	310,127		261,998	18.4
	Return on Assets		1.48	%	1.41	7	bp
	Return on Equity		17.27		17.33	(6)
bp - change is measured as difference in basis points.
nm - not meaningful

Synovus													7 of 11
Financial Services Segment
	INCOME STATEMENT
	(In thousands)		2006						2005				3rd Quarter
			Third		Second		First		Fourth		Third		'06 vs. '05
			Quarter		Quarter		Quarter		Quarter		Quarter		Change
	Interest Income (Taxable Equivalent)	$	535,025		499,184		440,969		420,892		388,067		37.9	%
	Interest Expense		242,875		212,499		178,544		160,509		142,582		70.3
	Net Interest Income (Taxable Equivalent)		292,150		286,685		262,425		260,383		245,485		19.0
	Tax Equivalent Adjustment		1,395		1,471		1,476		1,558		1,655		(15.6)
	Net Interest Income		290,755		285,214		260,949		258,825		243,830		19.2
	Provision for Loan Losses		18,390		18,534		19,549		20,787		19,639		(6.4)
	Net Interest Income After Provision		272,365		266,680		241,400		238,038		224,191		21.5
	Non-Interest Income:
	Service Charges on Deposits		29,862		29,409		26,712		28,572		28,598		4.4
	Fiduciary and Asset Management Fees		12,077		11,720		11,910		11,728		11,357		6.3
	Brokerage and Investment Banking Revenue		6,502		6,559		6,947		6,616		5,801		12.1
	Mortgage Banking Income		8,440		8,105		5,873		7,078		8,276		2.0
	Bankcard Fees		11,394		10,992		10,535		10,858		9,713		17.3
	Securities Gains (Losses)		(982)		(1,062)		(74)		(135)		-		nm
	Other Fee Income		9,679		10,038		8,950		9,377		8,216		17.8
	Other Non-Interest Income		12,347		13,692		12,210		10,884		15,259		(19.1)
	Total Non-Interest Income		89,319		89,453		83,063		84,978		87,220		2.4
	Non-Interest Expense:
	Personnel Expense		113,842		113,951		107,449		95,670		93,084		22.3
	Occupancy & Equipment Expense		25,566		24,835		23,498		24,577		22,713		12.6
	Other Non-Interest Expense		51,899		52,064		47,999		49,768		45,356		14.4
	Total Non-Interest Expense		191,307		190,850		178,946		170,015		161,153		18.7
	Income Before Taxes		170,377		165,283		145,517		153,001		150,258		13.4
	Income Tax Expense		60,394		58,899		51,757		55,949		55,079		9.6
	Net Income	$	109,983		106,384		93,760		97,052		95,179		15.6
	Return on Assets		1.49	%	1.50	%	1.43	%	1.47	%	1.49	%	-	bp
	Return on Equity		17.04		17.42		17.17		18.30		18.34		130
bp - change is measured as difference in basis points.
nm - not meaningful

Synovus					8 of 11
BALANCE SHEET			September 30, 2006	December 31, 2005	September 30, 2005
(In thousands, except share data)
ASSETS
Cash and due from banks		$	790,602	880,886	879,838
Interest earning deposits with banks			17,444	2,980	2,510
Federal funds sold and securities purchased
under resale agreements			308,300	68,922	150,853
Trading account assets			15,031	27,322	26,069
Mortgage loans held for sale			158,690	143,144	169,659
Investment securities available for sale			3,269,889	2,958,320	2,821,018
Loans, net of unearned income			24,192,596	21,392,347	20,904,677
Allowance for loan losses			(319,973)	(289,612)	(283,557)
Loans, net			23,872,623	21,102,735	20,621,120
Premises and equipment, net			723,974	669,425	668,822
Contract acquisition costs and computer software, net			403,702	431,849	437,684
Goodwill, net			664,225	458,382	454,315
Other intangible assets, net			50,900	44,867	47,033
Other assets			1,052,015	831,840	796,169
Total assets		$	31,327,395	27,620,672	27,075,090
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Non-interest bearing retail and commercial deposits		$	3,659,629	3,700,750	3,573,766
Interest bearing retail and commercial deposits			17,103,778	14,798,845	14,188,695
Total retail and commercial deposits			20,763,407	18,499,595	17,762,461
Brokered time deposits			3,199,157	2,284,770	2,516,749
Total deposits			23,962,564	20,784,365	20,279,210
Federal funds purchased and other short-term
borrowings			1,582,037	1,158,669	880,605
Long-term debt			1,363,519	1,933,638	2,256,388
Other liabilities			655,943	597,698	594,365
Total liabilities			27,564,063	24,474,370	24,010,568
Minority interest in consolidated subsidiaries			217,847	196,973	189,616
Shareholders' equity:
Common stock, par value $1.00 a share (1)			330,474	318,301	317,945
Surplus			992,489	686,447	677,178
Treasury stock (2)			(113,944)	(113,944)	(113,944)
Unearned compensation			-	(3,126)	(2,593)
Accumulated other comprehensive income (loss)			(8,494)	(29,536)	(14,663)
Retained earnings			2,344,960	2,091,187	2,010,983
Total shareholders' equity (3)			3,545,485	2,949,329	2,874,906
Total liabilities and shareholders' equity		$	31,327,395	27,620,672	27,075,090
(1)	Common shares outstanding: 324,812,048; 312,639,737; and 312,283,129 at September 30, 2006, December 31, 2005, and September 30, 2005, respectively
(2)	Treasury shares: 5,661,538 at September 30, 2006, December 31, 2005, and September 30, 2005.
(3)	Book value per share: $10.91; $9.43; and $9.21 at September 30, 2006, December 31, 2005, and September 30, 2005, respectively.

Synovus								9 of 11
AVERAGE BALANCES AND YIELDS/RATES
(Dollars in thousands)
			2006				2005
			Third		Second	First	Fourth	Third
			Quarter		Quarter	Quarter	Quarter	Quarter
Interest Earning Assets
Taxable Investment Securities		$	3,025,507		3,008,122	2,823,306	2,713,238	2,611,048
	Yield		4.39	%	4.21	4.08	3.87	3.75
Tax-Exempt Investment Securities		$	197,024		202,676	201,432	208,265	215,096
	Yield		6.70	%	6.73	6.86	6.90	7.08
Trading Account Assets		$	53,181		47,398	37,659	26,006	19,143
	Yield		5.30	%	5.72	7.42	6.97	3.84
Commercial Loans		$	20,430,469		19,746,392	18,377,498	17,881,828	17,342,794
	Yield		8.22	%	7.98	7.58	7.25	6.83
Consumer Loans		$	906,634		875,171	835,520	845,251	840,746
	Yield		8.17	%	8.09	7.89	7.87	7.83
Mortgage Loans		$	1,091,425		1,071,477	1,039,741	1,036,041	1,015,396
	Yield		6.93	%	6.82	6.67	6.44	6.31
Credit Card Loans		$	265,120		260,010	260,251	257,691	253,985
	Yield		10.86	%	10.81	10.81	10.19	10.07
Home Equity Loans		$	1,252,802		1,231,592	1,188,153	1,167,361	1,149,255
	Yield		7.97	%	7.69	7.30	6.85	6.32
Allowance for Loan Losses		$	(318,195)		(307,674)	(294,817)	(286,846)	(281,505)
Loans, Net		$	23,628,256		22,876,968	21,406,345	20,901,326	20,320,671
	Yield		8.29	%	8.06	7.67	7.35	6.95
Mortgage Loans Held for Sale		$	130,196		132,605	117,085	121,665	137,116
	Yield		6.51	%	7.08	6.61	6.48	6.54
Federal Funds Sold and Time Deposits
with Banks		$	155,201		139,924	118,772	119,606	135,735
	Yield		5.32	%	5.07	4.42	4.26	3.55
Total Interest Earning Assets		$	27,189,364		26,407,692	24,704,601	24,090,106	23,438,809
	Yield		7.81	%	7.58	7.23	6.94	6.58
Interest Bearing Liabilities
Interest Bearing Demand Deposits		$	2,946,646		3,040,292	3,004,244	2,989,754	2,939,524
	Rate		2.03	%	1.81	1.63	1.39	1.25
Money Market Accounts		$	6,587,365		6,196,865	5,800,154	5,619,551	5,421,961
	Rate		4.38	%	4.00	3.55	3.13	2.75
Savings Deposits		$	547,779		573,776	535,475	534,533	561,550
	Rate		0.72	%	0.69	0.47	0.40	0.38
Time Deposits Under $100,000		$	2,917,518		2,738,528	2,501,504	2,408,591	2,318,085
	Rate		4.38	%	3.92	3.55	3.28	2.99
Time Deposits Over $100,000 (less brokered
time deposits)		$	3,756,853		3,362,304	3,067,094	2,864,382	2,700,297
	Rate		4.92	%	4.44	4.01	3.67	3.35
Total Interest Bearing Core Deposits			16,756,161		15,911,765	14,908,471	14,416,811	13,941,417
	Rate		3.97	%	3.54	3.15	2.80	2.50
Brokered Time Deposits		$	3,165,905		2,740,674	2,364,383	2,443,105	2,611,091
	Rate		4.85	%	4.57	4.24	3.89	3.52
Total Interest Bearing Deposits		$	19,922,066		18,652,438	17,272,854	16,859,916	16,552,508
	Rate		4.11	%	3.69	3.30	2.96	2.66
Federal Funds Purchased and Other
Short-Term Borrowings		$	1,553,699		1,772,113	1,530,099	939,008	687,055
	Rate		4.80	%	4.76	4.28	3.72	3.03
Long-Term Debt		$	1,364,227		1,586,586	1,774,804	2,184,538	2,302,328
	Rate		4.57	%	4.42	4.62	4.44	4.34
Total Interest Bearing Liabilities		$	22,839,991		22,011,138	20,577,757	19,983,462	19,541,891
	Rate		4.18	%	3.83	3.48	3.16	2.87
Non-Interest Bearing Demand Deposits		$	3,528,942		3,511,554	3,443,867	3,509,219	3,423,622
Net Interest Margin			4.30	%	4.39	4.32	4.32	4.18

Synovus								10 of 11
	LOANS OUTSTANDING AND NONPERFORMING LOANS COMPOSITION
	(Dollars in thousands)
				Loans as a %			Total	Nonperforming Loans
				of Total Loans			Nonperforming	as a % of Total
	Loan Type		Total Loans	Outstanding			Loans	Nonperforming Loans
	Commercial Real Estate
	Multi-Family	$	513,644	2.1	%	$	281	0.3
	Hotels		636,530	2.6			433	0.4
	Office Buildings		867,770	3.6			3,473	3.7
	Shopping Centers		714,958	3.0			1,136	1.2
	Commercial Development		975,089	4.0			1,411	1.5
	Other Investment Property		403,587	1.7			73	0.1
	Total Investment Properties		4,111,578	17.0			6,807	7.2
	1-4 Family Construction		2,224,684	9.2			2,916	3.1
	1-4 Family Perm / Mini-Perm		1,198,388	5.0			6,319	6.7
	Residential Development		1,969,320	8.1			1,351	1.4
	Total 1-4 Family Properties		5,392,392	22.3			10,586	11.2
	Land Acquisition		1,245,727	5.1			6,834	7.2
	Total Investment-Related Real Estate		10,749,697	44.4			24,227	25.6
	Owner-Occupied		3,031,530	12.6			10,325	10.9
	Other Property		1,244,432	5.1			7,171	7.5
	Total Commercial Real Estate		15,025,659	62.1			41,723	44.0
	Commercial & Industrial		5,661,746	23.4			43,543	45.9
	Consumer		3,557,591	14.7			9,500	10.1
	Unearned Income		(52,400)	(0.2)			-	-
	Total	$	24,192,596	100.0	%	$	94,766	100.0

LOANS OUTSTANDING BY TYPE COMPARISON
(Dollars in thousands)
			Total Loans		3Q06 vs. 4Q05 % change (1) (2)				3Q06 vs. 3Q05 % change (2)
Loan Type			September 30, 2006	December 31, 2005				September 30, 2005
Commercial Real Estate
Multi-Family		$	513,644	527,710	(3.6)	%	$	527,826	(2.7)	%
Hotels			636,530	680,301	(8.6)			779,736	(18.4)
Office Buildings			867,770	747,493	21.5			797,886	8.8
Shopping Centers			714,958	656,949	11.8			641,620	11.4
Commercial Development			975,089	867,217	16.6			821,660	18.7
Other Investment Property			403,587	372,911	11.0			328,120	23.0
Total Investment Properties			4,111,578	3,852,581	9.0			3,896,848	5.5
1-4 Family Construction			2,224,684	1,552,338	57.9			1,414,675	57.3
1-4 Family Perm / Mini-Perm			1,198,388	1,095,155	12.6			1,075,143	11.5
Residential Development			1,969,320	1,496,436	42.2			1,345,662	46.3
Total 1-4 Family Properties			5,392,392	4,143,929	40.3			3,835,480	40.6
Land Acquisition			1,245,727	1,049,041	25.1			978,813	27.3
Total Investment-Related Real Estate			10,749,697	9,045,551	25.2			8,711,141	23.4
Owner-Occupied			3,031,530	2,699,431	16.4			2,443,318	24.1
Other Property			1,244,432	1,115,094	15.5			1,302,379	(4.4)
Total Commercial Real Estate			15,025,659	12,860,076	22.5			12,456,838	20.6
Commercial & Industrial			5,661,746	5,231,150	11.0			5,185,634	9.2
Consumer			3,557,591	3,349,208	8.3			3,306,529	7.6
Unearned Income			(52,400)	(48,087)	12.0			(44,324)	18.2
Total		$	24,192,596	21,392,347	17.5	%	$	20,904,677	15.7	%
(1)	Percentage change is annualized.
(2)	The percentage change comparison to prior periods is impacted by the acquisition of Riverside Bancshares, Inc. (Riverside) and Banking Corporation of Florida (First Florida), which were completed on March 24, 2006, respectively. Riverside and First Florida contributed $482 and $346 million, respectively, in total loans. Excluding the impact of Riverside and First Florida, the year-to-date annualized growth is 12.3% and the year-over-year growth is 11.8%.

Synovus								11 of 11
	CREDIT QUALITY DATA
	(Dollars in thousands)		2006			2005			3rd Quarter
			Third	Second	First	Fourth	Third		'06 vs. '05
			Quarter	Quarter	Quarter	Quarter	Quarter		Change
	Nonperforming Loans	$	94,766	88,805	80,061	82,175	85,571		10.7	%
	Other Real Estate		31,549	25,634	20,357	16,500	16,951		86.1
	Nonperforming Assets		126,315	114,439	100,418	98,675	102,522		23.2
	Allowance for Loan Losses		319,973	313,694	300,866	289,612	283,557		12.8
	Net Charge-Offs - Quarter		12,111	9,528	14,388	14,732	13,608		(11.0)
	Net Charge-Offs - YTD		36,027	23,916	14,388	58,665	43,933		(18.0)
	Net Charge-Offs / Average Loans - Quarter		0.20	0.17	0.27	0.28	0.26
	Net Charge-Offs / Average Loans - YTD		0.21	0.21	0.27	0.29	0.29
	Nonperforming Loans / Loans & ORE		0.39	0.38	0.36	0.38	0.41
	Nonperforming Assets / Loans & ORE		0.52	0.48	0.45	0.46	0.49
	Allowance / Loans		1.32	1.33	1.34	1.35	1.36
	Allowance / Nonperforming Loans		337.65	353.24	375.79	352.43	331.37
	Allowance / Nonperforming Assets		253.31	274.11	299.61	293.50	276.58
	Past Due Loans over 90 days		18,002	19,340	17,376	16,023	16,013
	As a Percentage of Loans Outstanding		0.07	0.08	0.08	0.07	0.08
	Total Past Dues		140,526	111,464	114,744	93,807	103,005
	As a Percentage of Loans Outstanding		0.58	0.47	0.51	0.44	0.49

REGULATORY CAPITAL RATIOS (1)
(Dollars in thousands)
		September 30, 2006		December 31, 2005	September 30, 2005
Tier 1 Capital	$	3,065,990		2,660,704	2,598,706
Total Risk-Based Capital		4,135,963		3,700,315	3,632,263
Tier 1 Capital Ratio		10.34	%	10.23	10.18
Total Risk-Based Capital Ratio		13.95		14.23	14.23
Leverage Ratio		10.27		9.99	9.99
(1) September 30, 2006 information is preliminary.

EX-99.3

Exhibit 99.3

For Immediate Release

Contact: Greg Hudgison
Manager of Media and Public Relations
(706) 644-0528 Patrick A. Reynolds
Investor Relations
(706) 649-4973

Synovus Names Anthony Chairman, Green President and COO

Blanchard Retires After 36 Years of Leadership

October 18, 2006, Columbus, GA – Synovus (NYSE: SNV), the Columbus, Georgia-based diversified financial services company, today announced that its Board of Directors has elected Richard E. Anthony as Chairman of the Board following James H. Blanchard, who is retiring after 36 years with the company. Anthony currently serves as the CEO of Synovus and previously served as President. The board also promoted Fred L. Green III to President and Chief Operating Officer of Synovus from his previous position of Vice Chairman. As President and COO, Green will continue to oversee the company’s banking operations. These leadership changes are the next steps in the implementation of a long-range succession planning process that began in 1999.

“I am truly honored to assume this additional role as Chairman of the Board from Jimmy Blanchard, who has set such a high standard of leadership for our entire organization,” said Anthony. “As we implement key strategies, leveraging the unique strengths of our organization, we find ourselves positioned better than ever in our history to become the finest financial services company in the world. Fred's proven ability to lead our banking team through significant enhancements to our retail delivery model as well as accelerated growth and diversification in our commercial banking efforts make him the clear choice for a broader leadership position in our company.”

Anthony’s banking career began at AmSouth Bank, N.A. in Birmingham, Alabama in 1971. He served in various roles at AmSouth until leaving his position as Executive Vice President to become President of First Commercial Bancshares, Inc. and Chairman of the Board and CEO of First Commercial Bank in Birmingham in 1985. Anthony joined Synovus in 1992 when the company merged with First Commercial Bancshares. He served as President of Synovus Financial Corp. of Alabama from 1993 to 1995 when he was elected Vice Chairman of the holding company. Anthony was elected President and COO in 2003 and President and CEO in 2005. Anthony also serves as a director of TSYS.

Green began his career in the financial services industry with C&S National Bank in South Carolina. He joined the National Bank of South Carolina (NBSC) as Executive Vice President in 1991. He was named Senior Executive Vice President of NBSC in 1995, the same year NBSC joined the Synovus family of companies. He was named President and CEO of NBSC in 1998, and Chairman in 2001. In 2003, Green was named Vice Chairman of Synovus.

Blanchard began his career with Synovus in June 1970 when he was chosen to lead Columbus Bank and Trust, a position previously held by his father, James W. Blanchard. His tenure as CEO spanned

the periods of greatest growth and prosperity in the company’s history. In 1972, under Blanchard’s leadership, CB&T Bancshares, now Synovus, became the first company in Georgia to act on the state legislature’s multi-bank holding company law. In 1983, Blanchard played a key role in CB&T’s creation of Total System Services, Inc. (TSYS) as a separate, publicly-traded company. Total assets for CB&T Bancshares were initially $147 million, and now Synovus has more than $30 billion in assets. The company’s workforce has grown from approximately 200 team members to more than 12,000 team members in nine U.S. states and three continents around the world. Blanchard will continue to serve as a Synovus board member, Chairman of TSYS’ Executive Committee and as a member of the TSYS board.

About Synovus

Synovus (NYSE: SNV) is a diversified financial services holding company with more than $30 billion in assets based in Columbus, GA.  Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 40 banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: TSS), one of the world’s largest companies for outsourced payment services.  FORTUNE magazine has named Synovus one of “The 100 Best Companies to Work For” in America, and has recognized Synovus in its Hall of Fame for consecutive appearances on the list since its inception in 1998.  In 2005, Synovus also appeared on “America’s Most Admired Companies” list.  See Synovus on the web at www.synovus.com.