Synovus to merge Americus and Albany banks - Atlanta Business Chronicle:: Something doesn't seem right here. Consider these two quotes.
"Once completed, the combined banks will have $649 million in total assets in seven locations, Columbus-based Synovus said."
"On Dec. 19, Synovus received $967.8 million in funding from the federal government’s Treasury Troubled Asset Relief Program (TARP)."
They have received more in TARP funding than they have in assets!
Monday, December 22, 2008
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