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

May 14, 2013 (May 10, 2013)

Date of Report

(Date of Earliest Event Reported)

Synovus Financial Corp.

(Exact Name of Registrant as Specified in its Charter)

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

1111 Bay Avenue, Suite 500, Columbus, Georgia 31901

(Address of principal executive offices) (Zip Code)

(706) 649-2311

(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 8.01	Other Events.
	On May 10, 2013, Synovus Bank (“Synovus Bank”), a wholly owned subsidiary of Synovus Financial Corp. (the “Company”), assumed from the Federal Deposit Insurance Corporation approximately $54 million in total deposits, including all uninsured deposits, of Sunrise Bank, an affiliate of Capitol Bancorp Limited (“Sunrise Bank”). The deposits were acquired at no premium. In addition to assuming all of the deposits, Synovus Bank agreed to purchase approximately $13.2 million of assets of Sunrise Bank, which consisted primarily of cash and cash equivalents. Synovus Bank did not acquire any of Sunrise Bank’s loans other than those secured by the deposits that were assumed by Synovus Bank and credit card receivables. In addition, Synovus Bank did not acquire the real estate or banking facilities of Sunrise Bank. Synovus Bank expects to transfer banking services from the former Sunrise Bank locations to branches of the Synovus Bank divisions in the following markets after June 10, 2013: Atlanta (Bank of North Georgia), Jeffersonville (CB&T of Middle Georgia), and Valdosta (First State Bank and Trust Company). A copy of the press release issued by Synovus Bank is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.
Item 9.01	Financial Statements and Exhibits
	(d)                   Exhibits
	Exhibit No.      Description
	99.1                Press release issued by Synovus Bank dated May 10, 2013

Signature

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

	SYNOVUS FINANCIAL CORP. (“Synovus”)
Dated: May 14, 2013	By:	/s/ Samuel F. Hatcher
		Samuel F. Hatcher Executive Vice President, General Counsel and Secretary

EX-99.1

Exhibit 99.1

For Immediate Release

Contact:	Greg Hudgison
	External Communications Manager
	(706) 644-0528
	gregoryhudgison@synovus.com

Synovus Bank Assumes Deposits of Sunrise Bank

May 10, 2013, COLUMBUS, Ga. – Synovus Bank, a Georgia-chartered, FDIC insured bank, announced today that it has assumed from the Federal Deposit Insurance Corporation (FDIC) approximately $54 million in total deposits, including all uninsured deposits, of Sunrise Bank, an affiliate of Capitol Bancorp Limited. Sunrise Bank has offices in Valdosta, Atlanta, and Jeffersonville, Georgia.

All three branches of Sunrise Bank will reopen on Monday, May 13, 2013, as temporary branches of the Synovus Bank divisions in the following markets: Atlanta (Bank of North Georgia), Jeffersonville (CB&T of Middle Georgia), and Valdosta (First State Bank and Trust Company). These locations will continue to serve the needs of existing Sunrise customers only until accounts are converted to Synovus Bank systems. At that time, customers will be able to bank with any of Synovus’ existing, locally-branded bank locations in their markets.

Beginning Monday, depositors of Sunrise Bank will automatically become depositors of Synovus Bank. Deposits will continue to be insured by the FDIC up to applicable limits, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers of Sunrise Bank should continue to use their existing branches until further notice.

“We are confident in our ability to meet the needs of our newest customers by providing continued local service through our existing branches within or near their current markets, combined with our exceptional banking and investment products and services,” said Kessel D. Stelling, Synovus Chairman and CEO. “We welcome Sunrise customers and want them to know we stand ready to help them through this transition.”

Over the weekend, depositors of Sunrise Bank can access their money by writing checks or using ATMs or debit cards. Checks drawn on the bank will continue to be processed, and loan customers should make payments as usual.

Synovus Bank is a Georgia-chartered, FDIC-insured bank. Synovus Bank, together with its affiliates, provides commercial and retail banking, investment, and mortgage services to customers through 29 locally branded divisions, 280 offices, and 400 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. See Synovus Bank on the web at www.synovus.com, and follow us on twitter @synovusbank. Equal Housing Lender.

Bank of North Georgia, a division of Synovus Bank, operates 41 branches in 16 metro Atlanta counties and is dedicated to the local community. This division offers diverse lines of business and

personal financial services including Business Banking, Investment Services, and Mortgage Lending. For more information, visit www.bankofnorthgeorgia.com.

CB&T of Middle Georgia is a division of Synovus Bank and operates six branches in Warner Robins, Perry, Fort Valley, and Byron Georgia. This division offers Commercial and Retail Banking, Investment Services, and Mortgage Lending. For more information, visit www.cbtbank.com.

First State Bank and Trust is a division of Synovus Bank which operates four branches in Lowndes County, and as it has for 106 years, remains dedicated to the local community. This division offers diverse lines of business and personal financial services including Business Banking, Investment Services, and Mortgage Lending. For more information, visit www.fsbtc.com.