US Banker magazine has named Synovus Financial Corp. to its list of "Top 100 Banks," the company said today.
Columbus-based Synovus appears at No. 15, improving on last year's survey ranking of No. 20.
The annual performance ranking takes the 100 largest banks and scores them based on their three-year average return on equity. Synovus reported a 13.69 percent return on average equity in 2007, with a three-year average of 16.82 percent.
“Our company is honored to be recognized for delivering this level of performance that provides a foundation as we move through the current challenging economic environment,” Richard Anthony, Synovus chairman and chief executive officer, said in a statement.
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Synovus oversees more than $34 billion in assets through its 35 banks in Georgia, Alabama, South Carolina, Florida and Tennessee.