Synovus is also the parent company of Citizen's First Bank in Rome.
As part of our fourth quarter earnings announcement, we stated that we have identified new expense savings initiatives of approximately $30 million, with the implementation of these initiatives beginning late 2012 and continuing throughout 2013,” Synovus said Tuesday evening in a statement issued through spokesman Greg Hudgison.
Synovus, the parent company of Columbus Bank and Trust, the city’s largest financial institution, would not break down what those savings entail, although past efforts have led to job cuts and branch closures.
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