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Synovus Financial (SNV) Q1 2021 Earnings Call Transcript

Operator
Good morning, and welcome to the Synovus first-quarter 2021 earnings call. [Operator instructions] Please note, this event is being recorded. I d now like to turn the conference over to Kevin Brown, senior director of investor relations. Please go ahead.
Kevin Brown
Senior Director of Investor Relations
Thank you, and good morning. During today s call, we will be referencing to slides and press release that are available within the Investor Relations section of our website, synovus.com. Kessel Stelling, chairman and chief executive officer, will begin the call. He will be followed by Jamie Gregory, chief financial officer; and Kevin Blair, president and chief operating officer. ....

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Astor Scores $32M Construction Loan for Miami Multifamily

Astor Companies founder Henry Torres and a rendering of the Douglas Enclave (The Astor Companies)
The Astor Companies scored a $32.4 million construction loan for its planned mixed-income, multifamily project near Miami’s Flagler Street.
Coral Gables-based Astor, led by founder Henry Torres, is developing the 10-story, 199-unit Douglas Enclave at 61 Northwest 37th Avenue. Ocean Bank issued the loan, according to records.
Astor plans to start construction this spring on the property, which spans a 1.1-acre full city block between Flagler and Northwest First streets along Northwest 37th Avenue, according to the company’s website.
Astor, through an affiliate, bought the six-lot property in July 2017 for $5.1 million, a deed shows. ....

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Lashea Reaves: Overcoming Obstacles To Success - 80 Words

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New Efficiency Initiatives Make Synovus Financial a Compelling Play

Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
Follow @BramBerko
Many analysts and investors already had high expectations for
in 2021 because of the bank s attractive markets, adoption of technology, and growing fee income business lines. But another appealing aspect of the bank is its ongoing Synovus Forward initiative that is expected to increase profitability and improve efficiency to the point where Synovus is in the top quartile of its peer group. Recently, the bank announced that it would be increasing its efforts on this initiative, continuing to make the stock a compelling play long term. ....

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This Bank Stock Is Ready to Break Out in 2021

Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
Follow @BramBerko
There is a lot of potential for bank stocks in 2021, as coronavirus vaccines begin to circulate across the U.S. and the economy looks to rebound. The industry will face many challenges in the new year, but with many bank stocks still trading at lower valuations, there should be lots of opportunities in the sector.
One bank I have my eye on in particular is ....

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