Synovus donates $100,000 to advance financial empowerment

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has donated $100,000 to the national nonprofit Cities for Financial Empowerment Fund to support its Bank On initiative. The investment will help local Bank On coalitions expand outreach, provide targeted financial education and increase access to safe and affordable banking accounts that provide people with a critical first step toward financial stability.

“Financial empowerment begins with education and access,” said Synovus Chief Enablement Officer Jennifer Upshaw. “We realize many people are unbanked or underbanked, making it harder to save, build credit or plan for the future. Our continued support of the CFE Fund reflects our belief that everyone deserves a reliable path to financial security.”

The CFE Fund supports local governments and their partners in improving the financial stability of households. The national Bank On movement, led by the CFE Fund, partners with financial institutions, nonprofits and local governments to expand the market of safe, affordable, no-overdraft accounts, connecting more people to accounts at scale through leveraging account opening opportunities, and creating a safer and more inclusive banking experience.

“We’re grateful to Synovus for their generous support of the Bank On movement,” said Cities for Financial Empowerment Fund President and Chief Executive Officer Jonathan Mintz. “Access to safe banking is a critical part of financial stability; this funding will support the work of Bank On coalitions across the country and ensure more households can participate in the financial mainstream.”

The $100,000 contribution builds on the bank’s longstanding commitment to financial inclusion and community partnerships. By supporting the CFE Fund, Synovus seeks to inspire other organizations to join the efforts to promote financial empowerment and expand access to safe banking. Learn more about the Bank On movement at www.joinbankon.org.

Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com.