Synovus consolidating bank charters
When I was in high school, I was good “friends” with a freshman cheerleader named Erin.
I put friends in quotes because I didn’t really want to be her friend, but date her instead.
– Class B shares of common stock issued by Visa which are subject to restrictions with respect to sale until all of the Covered Litigation has been settled.
Class B shares will be convertible into Visa Class A shares using a then current conversion ratio upon the lifting of restrictions with respect to sale of Visa Class B shares – A derivative contract with the purchaser of Visa Class B shares which provides for settlements between the purchaser and Synovus based upon a change in the ratio for conversion of Visa Class B shares into Visa Class A shares – A warrant issued to Treasury by Synovus to purchase up to 2,215,819 shares of Synovus common stock at a per share exercise price of .52, as was issued by Synovus to Treasury in 2008 in connection with the Capital Purchase Program, promulgated under the Emergency Economic Stabilization Act of 2008. In this Report, the words “Synovus,” “the Company,” “we,” “us,” and “our” refer to Synovus Financial Corp.
Still, I do feel bad for those stuck in friend zone thinking.
See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
(Check One): , the aggregate market value of the registrant’s Common Stock held by non-affiliates of the registrant was approximately ,797,502,812 based on the closing sale price of .83 reported on the New York Stock Exchange on – The transaction completed on September 25, 2017 whereby Synovus Bank acquired certain assets and assumed certain liabilities of World's Foremost Bank ("WFB") and then immediately thereafter sold WFB’s credit card assets and certain related liabilities to Capital One Bank (USA), National Association.
If you find yourself doing this with your friends, then you are probably in the friend zone.
Sure, you might tell yourself that you’re just protective of friends.