Synovus explores potential merger options after drawing takeover interest, Bloomberg News reports
July 22 (Reuters) - U.S. regional lender Synovus Financial SNV.N is exploring options including a potential merger after drawing takeover interest, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The Columbus, Georgia-based bank is working with a financial adviser and has recently held talks with at least one rival, the report said, adding that deliberations are ongoing and there is no certainty that Synovus will decide to pursue a deal.
The company did not immediately respond to a Reuters request for comment.
Synovus has a market value of about $7.71 billion, according to LSEG data. Its shares have gained 15.9% so far this year.
Mergers and acquisitions took a hit in April after President Donald Trump announced plans to impose tariffs on several countries, but investor sentiment toward U.S. stocks has improved since then.
Industry executives are also hopeful that companies will benefit from lighter regulations under Trump.
Lenders recently performed well at the Federal Reserve's stress test and showed they have enough capital to withstand possible adverse scenarios.
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