EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Six Months Ended June 30,			Years Ended December 31,
(in thousands)	2010			2009		2008		2007	2006	2005
Ratio 1 – Including Interest on Deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	(508,814	)	(1,605,908	)	(660,806	)	520,035	638,335	559,425
Fixed charges		185,712		506,873		787,227		1,095,972	895,696	535,408
Total	$	(323,102	)	(1,099,035	)	126,421		1,616,007	1,534,031	1,094,833
Fixed Charges:
Interest on deposits	$	159,772		456,247		667,453		912,472	746,669	408,405
Interest on short-term borrowings		1,087		3,841		38,577		92,970	72,958	34,342
Interest on long-term debt		20,770		38,791		73,657		84,014	71,050	88,299
Portion of rents representative of the interest factor (1/3) of expense		4,083		7,994		7,540		6,516	5,019	4,362
Total fixed charges	$	185,712		506,873		787,227		1,095,972	895,696	535,408
Ratio of earnings to fixed charges		(1.74x	)	(2.17x	)	0.16x		1.47x	1.71x	2.04x
Ratio 1 – Excluding Interest on Deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	(508,814	)	(1,605,908	)	(660,806	)	520,035	638,335	559,425
Fixed charges		25,940		50,626		119,774		183,500	149,027	127,003
Total	$	(482,874	)	(1,555,282	)	(541,032	)	703,535	787,362	686,428
Fixed Charges:
Interest on short-term borrowings	$	1,087		3,841		38,577		92,970	72,958	34,342
Interest on long-term debt		20,770		38,791		73,657		84,014	71,050	88,299
Portion of rents representative of the interest factor (1/3) of expense		4,083		7,994		7,540		6,516	5,019	4,362
Total fixed charges	$	25,940		50,626		119,774		183,500	149,027	127,003
Ratio of earnings to fixed charges		(18.62x	)	(30.72x	)	(4.52x	)	3.83x	5.28x	5.40x