Synovus Financial Corp. said hursday it agreed to acquire BSC Corp., the largest indepenent commercial bank left in outh Carolina, for $153 million in stock, or 2.1 times stated book value.

The long-rumored acquisition, which is scheduled to close in next year's first quarter, will be Synovus' largest and its first venture into South Carolina.

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.