Synovus Financial Corp. announced the commencement of an underwritten public offering of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. Synovus intends to use the net proceeds from the offering for general corporate purposes, including share repurchases.

BofA Securities, Inc. and J.P. Morgan Securities LLC are serving as the joint book-running managers of the offering.

Synovus is conducting the offering pursuant to its automatic shelf registration statement on Form S-3 filed with the SEC on August 4, 2016. Before making an investment, potential investors should first read the prospectus supplement and accompanying prospectus, the automatic shelf registration statement on Form S-3, the documents incorporated by reference into the forgoing and the other documents that Synovus has filed with the SEC in connection with the offering. A copy of the preliminary prospectus supplement and accompanying prospectus can be obtained by contacting BofA Securities, Inc., NC1-004-03-43, c/o 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001 Attention: Prospectus Department, email: [email protected], or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling (866) 803-9204. Investors may obtain these documents free of charge by visiting the SEC's website at www.sec.gov.