Atlanta, GA, Oct. 21, 2008 – Synovus, the Columbus, Ga.-based financial services company, and parent company of Bank of North Georgia, will participate in the Federal Deposit Insurance Corporation’s (FDIC) Temporary Liquidity Guarantee Program beyond the initial 30-day program offered by all banks in conjunction with the FDIC.

This FDIC program allows Synovus to offer 100 percent deposit protection for non-interest bearing deposit transaction accounts regardless of dollar amount at FDIC-insured institutions.

Non-interest bearing deposit transaction accounts are usually payment-processing accounts, such as payroll accounts used by businesses, which frequently exceed the current maximum limit of $250,000.

The Liquidity Guarantee Program can be voluntarily offered by banks to customers through the end of 2009. There is no cost to customers to receive the additional FDIC insurance.

“The benefit for our customers is that there is no limit on FDIC insurance coverage for their deposits in these types of accounts at any Synovus bank,” said Richard Anthony, chairman and CEO of Synovus. “We understand the desire customers have during this difficult economic climate to be guaranteed they will always have access to their money.”

Additionally, Synovus’ Shared CD and Money Market accounts offer customers the unique opportunity to access up to $8 million in FDIC insurance by spreading deposits across its 32 separately-chartered banks.

Synovus (NYSE: “SNV”) is a financial services holding company with more than $34 billion in assets based in Columbus, Ga.

Bank of North Georgia, Member FDIC and headquartered in Alpharetta, Ga., provides business and retail products to small business and other customers, as well as private banking and mortgage services. It was chartered in 1994 and became part of Columbus, Ga.-based Synovus Financial Corporation in 1998.

Bank of North Georgia has assets of $5.3 billion and is one of 32 banks – and the largest in asset size in the Synovus family of companies.

They have 34 full service offices conveniently located in Alpharetta (2), Atlanta (3), Buford, Canton, Conyers (3), Covington (3), Cumming, Fayetteville, Jasper, Johns Creek, Kennesaw, Marietta (4), McDonough, Norcross, Peachtree City (2), Riverdale, Roswell, Sandy Springs, Stockbridge, Suwanee, Tucker, Tyrone, and Woodstock.

Visit Bank of North Georgia on the Web at www.banknorthgeorgia.com.

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