COLUMBUS, Ga. -- Synovus Financial Corp. has acquired the deposits of Birmingham Federal Savings Bank.

The Birmingham Federal offices in Vestavia and Roebuck will operate as full-service banking centers of First Commercial Bank, Synovus said.

At June 30, Birmingham Federal had deposits of about $49 million. With the assumption of Birmingham Federal's deposits, First Commercial Bank's assets will exceed $400 million. First Commercial Bank's now has nine locations in Birmingham.

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.