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Synovus Financial to Merge with Florida Community Bank in Nearly $3B Deal

The merger will allow Synovus to increase its presence in high-growth Florida markets, including Pensacola, Tampa, Jacksonville, Orlando, Sarasota, and Naples.

Miami saw the largest number of new apartment deliveries in the tri-county region so far this year at 2,318 units. Downtown Miami

WESTON, FL—FCB Financial Holdings, owner of Florida Community Bank, has reached an agreement to be acquired by Synovus Financial Corp. of Columbus, GA in a deal valued at $2.9 billion.

The deal announced today would merge Florida’s largest community bank into Synovus and increase Synovus’ pro forma to $36 billion in deposits and $44 billion in assets. FCB and Synovus, in a joint announcement, state that the merger deal, which is expected to close by the first quarter of 2019, will make Synovus a top five regional bank by deposits and the largest mid-cap bank in the Southeast.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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