Synovus Financial Corp. said Thursday that it plans to consolidate to a single charter by midyear, punctuating the demise of its one-time signature business model.

The company had long been known for having dozens of separately chartered banks. Its current tally stands at 33, but it had been slowly combining charters during the past five years. Synovus had tightened up elsewhere in recent years, adopting centralized standards and placing credit administration and senior credit officers in its worst-hit regions.

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