Synovus Announces Offer to Purchase for Cash Any and All of Its 4.875% Subordinated Notes due 2013

Synovus Financial Corp. SNV today announced a cash tender offer for any and all of its outstanding 4.875% Subordinated Notes due February 15, 2013 (the “2013 notes”) with a total principal amount outstanding of approximately $206.75 million. The tender offer will commence on February 7, 2012, and expire at 11:59 p.m. (New York City time) on March 6, 2012, unless the tender offer is earlier terminated or extended (as may be extended, the “Expiration Time”). The tender offer is being made exclusively to holders of the 2013 notes pursuant to an offer to purchase dated February 7, 2012 (the “Offer to Purchase”), which sets forth the terms and conditions of the tender offer. Holders of 2013 notes who validly tender (and do not validly withdraw) their 2013 notes at or before 5:00 p.m. (New York City time) on February 21, 2012 (as may be extended, the “Early Tender Time”) will be eligible to receive consideration equal to $1,000 per $1,000 principal amount of 2013 notes tendered, which includes an early tender payment of $30 per $1,000 principal amount of 2013 notes.