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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000018349-98-000033.txt : 19980902
<SEC-HEADER>0000018349-98-000033.hdr.sgml : 19980902
ACCESSION NUMBER:		0000018349-98-000033
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19980901
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19980901
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYNOVUS FINANCIAL CORP
		CENTRAL INDEX KEY:			0000018349
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				581134883
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-10312
		FILM NUMBER:		98702288

	BUSINESS ADDRESS:	
		STREET 1:		901 FRONT AVENUE
		STREET 2:		STE 301
		CITY:			COLUMBUS
		STATE:			GA
		ZIP:			31901
		BUSINESS PHONE:		7066492267

	MAIL ADDRESS:	
		STREET 1:		P.O.BOX 120
		CITY:			COLUMBUS
		STATE:			GA
		ZIP:			31902

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CB&T BANCSHARES INC
		DATE OF NAME CHANGE:	19890912
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K
<TEXT>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                                September 1, 1998
                            (Earliest Event Reported)

                             Synovus Financial Corp.
                          (Exact Name of Registrant as
                            Specified in its Charter)

   Georgia                             1-10312                      58-1134883
(State of                          (Commission File               (IRS Employer
 Incorporation)                         Number)                  Identification
                                                                        Number)

                 901 Front Avenue, Suite 301, Columbus, Georgia 31901
                     (Address of principal executive offices)

                                 (706) 649-2267
                         (Registrant's Telephone Number)

          (Former name or former address, if changed since last report)



Item 5.           Other Events.

      On September 1, 1998, Synovus Financial Corp. ("Registrant") announced the
completion of its acquisition  of  the $348 million asset Community Bank Capital
Corporation, Alpharetta, Georgia.

      A  copy  of  Registrant's   press   release  regarding   the  announcement
referenced  above is attached hereto as Exhibit 99.1, and by this reference made
a part hereof.

Item 7.           Financial Statements, Pro Forma Financial
                  Information and Exhibits.

         (a)      Financial Statements - None.

         (b)      Pro Forma Financial Information - None.

         (c)      Exhibits

                  99.1 - Registrant's press release dated September 1, 1998





                                    Signature

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  Registrant  has caused  this  report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         SYNOVUS FINANCIAL CORP.
                                         ("Registrant")

Dated:    September 1, 1998              By:/s/ Kathleen Moates
                                                Kathleen Moates
                                                Senior Vice President

                                        3




                                  Exhibit Index

Exhibit Number                Description

99.1                          Synovus Financial Corp.'s
                              press release
                              dated September 1, 1998

                                        4

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<DESCRIPTION>NEWS RELEASE
<TEXT>

[LOGO]              NEWS RELEASE
SYNOVUS
FINANCIAL CORP.

For Immediate Release

Contact: Rob Ward                                Patrick A. Reynolds
         Director of Media Relations             Director of Investor Relations
         (706) 649-2531                          (706) 649-4973

                         Synovus Completes Acquisition
                     of Community Bank Capital Corporation

     Columbus,  Ga., September 1, 1998 - Synovus Financial  Corp.(NYSE - "SNV"),
the Columbus,  Georgia based multi-financial  services company,  today announced
its  completion of the merger of the $348 million asset  Community  Bank Capital
Corporation  "CBCC" into Synovus,  for stock.  CBCC is the parent company of the
Bank of North  Georgia,  based in  Alpharetta,  Georgia.  This is Synovus' first
acquisition  in the fast  growing  communities  north of Atlanta.  Bank of North
Georgia will  continue to operate its six banking  locations  under its existing
name, management team and local board of directors.  Synovus Financial Corp. has
also  rescinded its share  repurchase  plan due to its effect on accounting  for
acquisitions under the pooling-of-interests method.

     Synovus  Financial Corp. is a $10 billion asset,  multi-financial  services
company composed of 35 banks serving communities  throughout  Georgia,  Alabama,
Florida, and South Carolina;  an 80.7% ownership of Total System Services,  Inc.
(NYSE - "TSS") (www.totalsystem.com),  one of the world's largest credit, debit,
commercial, and private-label card processing companies;  Synovus Trust Company;
Synovus  Securities,  Inc.; and Synovus Mortgage Corp. Synovus' Internet address
is www.synovus.com.

                                     ENDIT

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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