Synovus assumes Sunrise Bank deposits

Staff reportMay 10, 2013 

Synovus Bank announced Friday it has assumed from the Federal Deposit Insurance Corp. about $54 million in deposits of Sunrise Bank.

The deal includes Sunrise bank offices in Jeffersonville, Valdosta and Atlanta.

Those branches will open Monday under the Synovus umbrella of banks. The Jeffersonville branch will take the name of CB&T of Middle Georgia, which is one of Synovus’ divisions. The Valdosta and Atlanta branches will open as First State Bank and Bank of North Georgia branches, respectively.

CB&T of Middle Georgia has six other branches in Warner Robins, Perry, Fort Valley and Byron, according to a news release announcing the deal.

Sunrise Bank customers should continue using their regular branches until further notice, the release stated.

This weekend, Sunrise depositors can access their accounts by writing checks or using ATMs or debit cards, the release stated. Additionally, anyone with Sunrise loans should continue making payments on those loans.

“We are confident in our ability to meet the needs of our newest customers by providing continued local service through our existing branches,” Kessel D. Stelling, Synovus’ chairman and CEO, said in a prepared statement. “We welcome Sunrise customers and want them to know we stand ready to help them through this transition.”

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