Correction

May 21, 2001, 1:00 a.m. EDT 1 Min Read

In the May 10 issue, a page 4 story that relied on a Fed document misstated the corporate relationship between Synovus Financial Corp. and Juniper Financial Corp. and overstated the scope of a pending transaction between them.

Synovus owns about 6% of Juniper Financial. Under contract with Juniper, Synovus Columbus Bank and Trust Co. in Georgia has been hosting an online Juniper Bank.

Juniper Financial now has approval to establish a chartered Juniper Bank, which would buy the Juniper card assets and receivables from Columbus Bank and Trust not that banks entire credit card division.

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