Synovus Donates $2 Million to Strengthen Communities Throughout Its Footprint

Rhea-AI Summary

Synovus Bank has announced a commitment of $2 million in corporate donations to nonprofits in Alabama, Georgia, Florida, South Carolina, and Tennessee. This commitment is part of the bank's Corporate Donations Program, which aims to address critical community needs. The 2023 donations represent a nearly 20% increase compared to 2022, helping over 300 organizations focused on affordable housing, economic development, and financial education.

Synovus emphasizes its dedication to community support, with Executive Vice President Alison Dowe stating that investing in nonprofits reflects the bank's core values. The 2024 Corporate Donations Program application will open on July 15, 2023.

Positive

• Commitment of $2 million in donations for community support.
• Nearly 20% increase in donations compared to 2022.
• Support for over 300 organizations focused on critical needs.

Negative

• None.

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Bank today announced the commitment of $2 million in corporate donations to nonprofits and organizations in Alabama, Georgia, Florida, South Carolina and Tennessee. Through Synovus’ Corporate Donations Program, the bank is building on the millions of dollars it donates annually to address critical needs in the communities it serves.

Synovus is funding more than 300 organizations with missions that support the creation and sustainment of affordable housing, boost upward mobility of low- to moderate-income communities, deliver financial education, encourage economic development and more. The 2023 donations reflect a nearly 20% increase in awards compared to 2022.

"At Synovus, we’re committed to providing strength, stability and guidance as we enable people to reach their full potential,” said Synovus Executive Vice President and Chief Communications and Corporate Responsibility Officer Alison Dowe. “We’re proud to invest in nonprofits and organizations dedicated to providing assistance and solutions for individuals and whole communities. Investing in others is who we are as a company, and our annual giving reflects the passion our team members have for serving others above self."

The Synovus Corporate Donations Program is part of the company’s corporate giving strategy, which outlines Synovus’ formal process for aligning with various organizations, making corporate donations and participating in volunteer opportunities. The strategy includes the bank’s Here Matters Community Outreach Program, Raise the Banner Financial Education Program, Here Matters Community Fund, and Corporate Donations Program.

Synovus' 2024 Corporate Donations Program application will open Saturday, July 15, 2023. More information is available at synovus.com/about-us/donations.

Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com, and on Twitter, Facebook, LinkedIn and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230406005018/en/

Audria Belton

media@synovus.com

Source: Synovus Financial Corp.

FAQ

What is the total amount of donations announced by Synovus Bank in 2023?

$2 million

When will the 2024 Corporate Donations Program application open for Synovus?

July 15, 2023

Which states will benefit from Synovus Bank's 2023 donations?

Alabama, Georgia, Florida, South Carolina, and Tennessee

What percentage increase does the 2023 donation represent compared to 2022?

Nearly 20%

How many organizations is Synovus supporting with their donations?

Over 300 organizations