Banking products are provided by Synovus Bank, Member FDIC. Synovus Bank, NMLS #408043, is an Equal Housing Lender.
Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina,and South Carolina. This communication is directed to properties in those states. Loans subject to approval including credit approval. Synovus Bank, NMLS #408043.
If you would like to assert there has been an error made with the servicing of your consumer mortgage loan, or if you would like to request information about the servicing of your consumer mortgage loan, and if you would like your assertion or request to be treated in accordance with the procedures provided in 12 C.F.R. Parts 1024.35 and 1024.36, then you must send written notice to us at Synovus Bank, Attention: Mortgage Customer Service, 800 Shades Creek Parkway, MS 130, Birmingham, AL 35209. Otherwise, we will treat your assertion or request per our standard policies and procedures.
You have certain rights under Federal law related to resolving errors and requesting information about your mortgage account, and you may learn more about your rights by contacting Synovus Bank, or by visiting https://www.consumerfinance.gov/mortgage/
Investment products and services provided by Synovus are offered through Synovus Securities, Inc. (SSI) a registered Broker-Dealer, member FINRA/SIPC and SEC registered Investment Advisor, Synovus Trust Company, N.A. (STC) and Creative Financial Group, a division of SSI. Trust services for Synovus are provided by STC.
NOT FDIC INSURED
NO BANK GUARANTEE
MAY LOSE VALUE
SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck.
Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus.
© 2023 Synovus Financial Corp. All rights reserved.
As a seasoned financial expert, I bring a wealth of knowledge in banking and financial services to the table. My extensive experience in the industry allows me to provide comprehensive insights into various aspects of banking, including products, regulations, and customer rights. I've navigated the intricacies of financial institutions, keeping abreast of industry updates and developments.
Now, let's delve into the key concepts presented in the provided article from Synovus:
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Synovus Bank:
- Synovus Bank is the institution providing banking products in the article.
- It is a Member FDIC (Federal Deposit Insurance Corporation) member, ensuring deposits are federally insured.
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Equal Housing Lender:
- Synovus Bank is described as an Equal Housing Lender, signifying its commitment to fair lending practices and equal access to credit.
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Service Area:
- The bank lends in specific states, namely Alabama, Georgia, Florida, Tennessee, North Carolina, and South Carolina. This limits the geographical scope of its lending activities.
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Regulatory Compliance:
- The article mentions that loans are subject to approval, including credit approval, emphasizing the importance of meeting certain criteria for loan eligibility.
- The bank operates in accordance with federal regulations, specifically referencing 12 C.F.R. Parts 1024.35 and 1024.36, which pertain to the servicing of consumer mortgage loans.
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Consumer Rights:
- Consumers are informed of their rights under Federal law regarding error resolution and information requests related to their mortgage accounts.
- Reference is made to the Consumer Financial Protection Bureau's website () for consumers to learn more about their rights.
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Investment Products and Services:
- Synovus offers investment products and services through Synovus Securities, Inc. (SSI), a registered Broker-Dealer, and SEC registered Investment Advisor.
- Synovus Trust Company, N.A. (STC), and Creative Financial Group, a division of SSI, are involved in providing trust services.
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Risk Disclaimer for Investment Products:
- The article includes important risk disclaimers for investment products, stating that they are not FDIC insured, there is no bank guarantee, and they may lose value. This emphasizes the inherent risks associated with investment activities.
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Corporate Structure:
- Synovus Securities, Inc. (SSI) is identified as a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank.
- Synovus Trust Company, N.A. (STC) is noted as a subsidiary of Synovus Bank.
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Insurance Products:
- The article mentions insurance products marketed through Synovus and its affiliated companies, clarifying that these products are underwritten by insurance companies not affiliated with Synovus.
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My Money Program:
- The article concludes with a copyright notice for the "My Money Program," indicating that it is a proprietary program developed by Synovus Financial Corp.
In summary, the provided article covers a range of topics, including banking services, lending practices, regulatory compliance, investment products, consumer rights, and risk disclaimers. This information reflects the multifaceted nature of Synovus' financial offerings and its commitment to transparent communication with customers.
