Synovus Financial Corp. needs a new heir apparent after the sudden departure of its president, Frederick Green 3rd.

The $34.5 billion-asset Columbus, S.C., company gave no reason Thursday for Green's resignation, which took effect immediately. Richard Anthony, Synovus' chairman and chief executive officer, was selected by the board to take over Green's duties, which included oversight of its more than two dozen banks in five states.

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