EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.
RATIO OF EARNINGS TO FIXED CHARGES

	Three
	Months
	Ended
	March 31,			Year Ended December 31,
(in thousands)	2009			2008			2007			2006			2005			2004
Ratio 1 — Including Interest on Deposits
Earnings:
Income from continuing operations before income taxes	$	(221,806	)		(652,421	)		527,674			645,538			563,340			489,979
Fixed charges		145,131			787,227			1,095,972			895,696			535,408			303,451
Total	$	(76,675	)		134,806			1,623,646			1,541,234			1,098,748			793,430
Fixed Charges:
Interest on deposits	$	132,294			667,453			912,472			746,669			408,405			216,682
Interest on short-term borrowings		841			38,577			92,970			72,958			34,342			20,236
Interest on long-term debt		10,019			73,657			84,014			71,050			88,299			62,571
Portion of rents representative of the interest factor (1/3) of expense		1,977			7,540			6,516			5,019			4,362			3,962
Total fixed charges	$	145,131			787,227			1,095,972			895,696			535,408			303,451
Ratio of earnings to fixed charges		(0.53	x)		0.17	x		1.48	x		1.72	x		2.05	x		2.61	x
Ratio 1 — Excluding Interest on Deposits
Earnings:
Income from continuing operations before income taxes	$	(221,806	)		(652,421	)		527,674			645,538			563,340			489,979
Fixed charges		12,837			119,774			183,500			149,027			127,003			86,769
Total	$	(208,969	)		(532,647	)		711,174			794,565			690,343			576,748
Fixed Charges:
Interest on short-term borrowings	$	841			38,577			92,970			72,958			34,342			20,236
Interest on long-term debt		10,019			73,657			84,014			71,050			88,299			62,571
Portion of rents representative of the interest factor (1/3) of expense		1,977			7,540			6,516			5,019			4,362			3,962
Total fixed charges	$	12,837			119,774			183,500			149,027			127,003			86,769
Ratio of earnings to fixed charges		(16.28	x)		(4.45	x)		3.88	x		5.33	x		5.44	x		6.65	x