Synovus Establishes $4 Million Charitable Giving Fund

Rhea-AI Summary

Synovus has established the Here Matters Community Fund, a $4 million charitable fund aimed at enhancing community investments across its five-state Southeastern footprint. The fund focuses on affordable housing, financial education, and economic development for low-to-moderate income communities. Synovus’ president, Kevin Blair, emphasized the bank's commitment to supporting lasting community change. In 2021, Synovus donated over $3 million to over 500 organizations, with further corporate donation announcements expected in early 2022.

Positive

• Launch of the Here Matters Community Fund with a commitment of $4 million.
• Focus on impactful investments in affordable housing and economic development.
• Continued corporate giving strategy demonstrated by over $3 million donated to 500+ organizations in 2021.

Negative

• None.

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus today announced the establishment of the Here Matters Community Fund, a $4 million charitable giving fund through which Synovus will expand its investments in communities throughout the bank's five-state Southeastern footprint.

Complementing Synovus' already established corporate giving strategy, the Here Matters Community Fund will enable the company to make even more impactful gifts to causes and organizations with footprint wide impact. Funds will be primarily invested in the areas of affordable housing, services that help low-to-moderate income communities, groups that deliver financial education and literacy programs, and organizations that encourage economic development.

“The Here Matters Community Fund marks a meaningful step forward in Synovus’ commitment to community investment,” said Kevin Blair, Synovus president and CEO. “We believe deeply in our purpose to help individuals and communities realize their full potential. Our new charitable giving fund will enhance our ongoing volunteerism and corporate donation efforts as we invest in, support, and encourage lasting change across our footprint.”

The Here Matters Community Fund is a donor advisor fund managed by The Family Office at Synovus. Synovus’ corporate giving strategy outlines the company's formal process for aligning with various organizations, making corporate donations, and participating in volunteer opportunities. The strategy includes the company's Here Matters community outreach, Raise the Banner financial education, and corporate donations programs. Throughout 2021, Synovus awarded more than $3 million to more than 500 organizations throughout the bank's five-state footprint. The financial services company will formally announce 2022 corporate donation recipients early next year.

Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and retail banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, and international banking through 281 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/20211221005680/en/

Alison Dowe

Media Relations

ALISONDOWE@synovus.com

Source: Synovus Financial Corp.

FAQ

What is the Here Matters Community Fund by Synovus?

The Here Matters Community Fund is a $4 million charitable fund established by Synovus to enhance community investments focusing on affordable housing and economic development.

How much did Synovus donate in 2021?

In 2021, Synovus donated over $3 million to more than 500 organizations.

What areas does Synovus target with its charitable giving?

Synovus targets affordable housing, financial education, and services for low-to-moderate income communities.

When will Synovus announce its 2022 corporate donation recipients?

Synovus will formally announce the 2022 corporate donation recipients in early 2022.

What is the stock symbol for Synovus?

The stock symbol for Synovus is SNV.