EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Nine Months Ended September 30,			Years Ended December 31,
(dollars in thousands)	2010			2009			2008			2007		2006		2005
Ratio 1 – Including Interest on Deposits
Earnings:
(Loss) income from continuing operations before income taxes	$	(689,620	)		(1,605,908	)		(660,806	)		520,035		638,335		559,425
Fixed charges		268,920			506,873			787,227			1,095,972		895,696		535,408
Total	$	(420,700	)		(1,099,035	)		126,421			1,616,007		1,534,031		1,094,833
Fixed Charges:
Interest on deposits	$	228,595			456,247			667,453			912,472		746,669		408,405
Interest on short-term borrowings		1,557			3,841			38,577			92,970		72,958		34,342
Interest on long-term debt		32,505			38,791			73,657			84,014		71,050		88,299
Portion of rents representative of the interest factor (1/3) of expense		6,263			7,994			7,540			6,516		5,019		4,362
Total fixed charges	$	268,920			506,873			787,227			1,095,972		895,696		535,408
Ratio of earnings to fixed charges		(1.56x	)		(2.17x	)		0.16x			1.47x		1.71x		2.04x
Ratio 1 – Excluding Interest on Deposits
Earnings:
(Loss) income from continuing operations before income taxes	$	(689,620	)		(1,605,908	)		(660,806	)		520,035		638,335		559,425
Fixed charges		40,325			50,626			119,774			183,500		149,027		127,003
Total	$	(649,295	)		(1,555,282	)		(541,032	)		703,535		787,362		686,428
Fixed Charges:
Interest on short-term borrowings	$	1,557			3,841			38,577			92,970		72,958		34,342
Interest on long-term debt		32,505			38,791			73,657			84,014		71,050		88,299
Portion of rents representative of the interest factor (1/3) of expense		6,263			7,994			7,540			6,516		5,019		4,362
Total fixed charges	$	40,325			50,626			119,774			183,500		149,027		127,003
Ratio of earnings to fixed charges		(16.10x	)		(30.72x	)		(4.52x	)		3.83x		5.28x		5.40x