Synovus Financial's decision to unload $530 million in troubled assets should help it move past lingering credit woes, though the company still faces plenty of uncertainty as it heads into 2013.

The $25.5 billion-asset company said Thursday that it had sold a batch of nonperforming and substandard assets. It said it would record a pretax charge of $155 million in the fourth quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.