Synovus Financial Corp. announced that its Board of Directors has declared a dividend of $0.4921875 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”). The dividend on the Series C Preferred Stock will be payable August 1, 2018, to shareholders of record at the close of business on July 15, 2018.

Additionally, Synovus announced that it is redeeming all of its outstanding Series C Preferred Stock on August 1, 2018. The Series C Preferred Stock is currently traded on the New York Stock Exchange under the symbol SNVPrC (CUSIP 87161C 402). Synovus will redeem the Series C Preferred Stock for a cash price of $25.00 per share, without interest, for an aggregate redemption price of approximately $130 million.

Since the redemption date is also the dividend payment date, the redemption price of $25.00 per share of Series C Preferred Stock does not include declared and unpaid dividends.

On and after the redemption date, the Series C Preferred Stock will cease to be outstanding and dividends will cease to accrue on the shares of Series C Preferred Stock.