COLUMBUS, Ga. - Synovus Financial Corp. said it had completed its merger with NBSC Corp., the parent of Columbia, S.C.-based National Bank of South Carolina.
With NBSC just over $1 billion in assets, the merger was the largest in Synovus' history and its first in the state of South Carolina, the bank said.
NBSC operates 41 banking offices in 25 communities throughout the state. The addition of NBSC to Synovus' existing 32 affiliate banks in Georgia, Alabama, and Florida puts Synovus over the $7 billion-asset mark and gives the company more than 200 banking offices in the four-state region, Synovus said.
NBSC will retain its corporate identity, board of directors, and management team, according to Synovus.