Synovus Financial to merge two Florida banks
Dec 21 (Reuters) - Synovus Financial Corp (SNV.N: Quotazione), a U.S. southeast regional bank, said it plans to merge its Naples-based bank, First Florida Bank, into Synovus Bank of Tampa Bay, to grow in the west coast of Florida.
Following the consolidation, David Dunbar will continue as chief executive officer of the expanded Synovus Bank of Tampa Bay, Synovus Financial said in a statement.
Robert Smedley, CEO of First Florida Bank, will retire on Jan. 31, but will continue to serve the bank in an advisory role, it added. (Reporting by Anant Vijay Kala in Bangalore; Editing by Deepak Kannan)
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