The chief financial officer at Synovus Financial in Columbus, Ga., plans to retire later this year.
Thomas Prescott, who was 60 as of the company's 2015 proxy statement, will retire from the $29 billion-asset company by the end of this year, according to a Tuesday filing with Securities and Exchange Commission. The timing of his retirement will depend on Synovus' hiring of his successor.
A spokesman for Synovus declined to make an additional comment on the timetable for hiring Prescott's replacement.
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Synovus Financial in Columbus, Ga., reported a higher fourth-quarter profit on stronger interest and fee income.
January 19 -
The Georgia company is ready to return to buying banks, but it isnt looking for a game changer. Rather, management wants to ease into consolidation by acquiring a smaller institution.
October 21 -
Regions Financial in Birmingham, Ala., reported double-digit earnings growth in the fourth quarter as gains in both fee income and loan balances helped to offset a sharply higher loan-loss provision related to weakness in its energy portfolio.
January 15
Prescott began working for Synovus in 1987 and has been CFO since 1996. He is a trustee of Huntingdon College in Montgomery, Ala.
