The stock price for Columbus-based bank holding company Synovus was up more than 11 percent Tuesday morning in trading on the New York Stock Exchange.
At 11:30 a.m., the stock was trading at $4.22, up 43 cents per share.
The stock-price climb comes after the company announced plans to increase its Tier I capital by $400 million. That includes a public offering of up to $350 million of the company’s common stock.
While Synovus was rising, Columbus-based supplemental insurance company Aflac was trading lower. Aflac was down nearly 1.5 percent, trading at $41.15 per share. Columbus electronic payment processor TSYS was also down 4 cents per share at $15.48.