SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
September 29, 1999
------------------------
(Earliest Event Reported)
Synovus Financial Corp.
-----------------------------
(Exact Name of Registrant as
Specified in its Charter)
Georgia 1-10312 58-1134883
- -------------- --------------- ---------------
(State of (Commission File (IRS Employer
Incorporation) Number) Identification
Number)
901 Front Avenue, Suite 301, Columbus, Georgia 31901
-----------------------------------------------------
(Address of principal executive offices)
(706) 649-2267
-------------------------------
(Registrant's Telephone Number)
(Former name or former address, if changed since last report)
Item 5. Other Events.
- ------- ------------
On September 29, 1999, Total System Services, Inc. ("TSYS"), an 80.8
percent owned subsidiary of Synovus Financial Corp. ("Registrant"), announced a
ten-year agreement with Bank of America to continue processing its credit card
portfolio until 2009. The new agreement extends the existing agreement by two
years and includes the card portfolios of Bank of America and NationsBank which
merged in 1998.
On September 30, 1999, TSYS announced that it expects its 1999 net
income to exceed its 1998 net income by at least 23 percent and that it expects
its 2000 net income to exceed its 1999 projected net income by at least 13-15
percent.
A copy of TSYS' press releases regarding the announcements referenced
above are attached hereto as Exhibits 99.1 and 99.2, respectively, and by this
reference are hereby incorporated by reference into this Form 8-K and made a
part hereof.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
- ------ -------------------------------------------------------------------
(a) Financial Statements - None.
(b) Pro Forma Financial Information - None.
(c) Exhibits
99.1 - TSYS' press release, September 29, 1999
99.2 - TSYS' press release, September 30, 1999
2
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, Registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SYNOVUS FINANCIAL CORP.
("Registrant")
Dated: September 30, 1999 By:/s/ Kathleen Moates
------------------------- ----------------------------------
Kathleen Moates
Deputy General Counsel
4
Exhibit Index
Exhibit Number Description
- -------------- -------------
99.1 TSYS'
press release
dated September 29, 1999
99.1 TSYS'
press release
dated September 30, 1999
5