COLUMBUS, GA - Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, today announced the retirement of W. Luther Taylor from the position of Regional CEO, effective August 1, 2009. Taylor will also retire as Chairman of Synovus' Pensacola, Florida-based Coastal Bank and Trust Board of Directors on January 31, 2010. Thomas "Bo" Carter, CEO of Coastal Bank and Trust of Florida, will also assume the role of Chairman of the Board upon Taylor's retirement.
"One of Luther's greatest contributions to Synovus is his ability to build teams, and identify and nurture the growth of key talent for our organization, while maintaining a high level of service to our customers and driving unprecedented growth in whatever bank he was leading," said Richard Anthony, Chairman, CEO and President of Synovus. "Luther's perspective and passion for people has been invaluable in strengthening the foundation and growth of our company, and we wish him the best in his well-deserved retirement."
Taylor began his career with Synovus in 1973 in the Management Training Program of Columbus Bank and Trust, and served in various banking positions including Assistant to the President under Jim Blanchard. In 1983, he was selected as Chairman and CEO of the Bank of Hazlehurst, and became the Chairman and CEO of the Bank of Pensacola in 1991, now named Coastal Bank and Trust of Florida. Taylor was named Synovus Regional CEO in 2003.