On September 6, 2017, Synovus Bank, a wholly-owned subsidiary of Synovus
Financial Corp. (NYSE: SNV), received
regulatory approval from the Board of Governors of the Federal
Reserve System to acquire certain assets and assume certain liabilities
of World’s Foremost Bank (“WFB”), a wholly-owned subsidiary of Cabela’s
Incorporated (NYSE: CAB), pursuant to the previously announced Framework
Agreement, dated April 17, 2017, by and among Synovus Bank, Cabela’s
Incorporated, WFB, Capital One Bank (USA), National Association, and
Capital One, National Association.
Synovus Financial Corp. is a financial services company based in
Columbus, Georgia, with approximately $31 billion in assets. Synovus
provides commercial and retail banking, investment, and mortgage
services through 248 branches in Georgia, Alabama, South Carolina,
Florida, and Tennessee. Synovus Bank, a wholly owned subsidiary of
Synovus, was recognized as the "Most Reputable Bank" by American
Banker and the Reputation Institute in 2017, and was named "Best
Regional Bank, Southeast" by MONEY Magazine for 2016-17.
Synovus is on the web at synovus.com,
on Twitter @synovus,
and on LinkedIn at http://linkedin.com/company/synovus.