Synovus Receives Regulatory Approval to Complete Cabela’s Transaction
Staff Report From Columbus CEO
Thursday, September 7th, 2017
On September 6, 2017, Synovus Bank, a wholly-owned subsidiary of Synovus Financial Corp. (NYSE: SNV), received regulatory approval from the Board of Governors of the Federal Reserve System to acquire certain assets and assume certain liabilities of World’s Foremost Bank (“WFB”), a wholly-owned subsidiary of Cabela’s Incorporated (NYSE: CAB), pursuant to the previously announced Framework Agreement, dated April 17, 2017, by and among Synovus Bank, Cabela’s Incorporated, WFB, Capital One Bank (USA), National Association, and Capital One, National Association.
