THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Synovus Financial Corporation (SNV)

3/13/2006 Proxy Information

William Fray McCormick, the son-in-law of director Richard Y. Bradley, was employed by a subsidiary of Synovus as a trust officer during 2005. Mr. McCormick received $96,470 in compensation for his services during the year.

Mr. Yancey was Chairman of Synovus Financial Corporation from October 2003 to December 2004 and non-executive Chairman from December 2004 to July 2005. Prior to 1998, he served in various capacities with Synovus and/or Columbus Bank, including Vice Chairman and President. From 1959 until 2003, Mr. Yancey served in various capacities with Synovus and/or CB&T, including Vice Chairman and President of both Synovus and CB&T.

Mr. Page is a former Vice Chairman of Synovus Financial Corporation.

Elizabeth C. Ogie is William B. Turner, Jr.'s first cousin.

During 2005, Synovus’ executive officers and directors (including their immediate family members and organizations with which they are affiliated) were also customers. In management’s opinion, the lending relationships with these directors and officers were made in the ordinary course of business and on substantially the same terms, including interest rates, collateral and repayment terms, as those prevailing at the time for comparable transactions with other customers and do not involve more than normal collection risk or present other unfavorable features. In addition to these lending relationships, some directors and their affiliated organizations provide services or otherwise do business with Synovus and its subsidiaries, and we in turn provide services, including retail brokerage and other financial services, or otherwise do business with the directors and their organizations, in each case in the ordinary course of business and on substantially the same terms as those prevailing at the time for comparable transactions with other nonaffiliated persons.

On January 3, 2005, Synovus made a capital commitment of $60 million to TTP Fund II, L.P. (“TTP II”), which currently represents an approximately 82.79% interest in TTP II. As of January 20, 2006, Synovus had funded approximately 12.01% of its capital commitment. TTP II is managed by Total Technology Partners II, LLC, its general partner. The general partner of TTP II will receive a 20% carried interest in TTP II. As direct and indirect owners of carried interest units in the TTP II general partner, Synovus and Gardiner W. Garrard, III, the son of Gardiner W. Garrard, Jr. who serves as a director of Synovus, TSYS and CB&T, will be entitled to receive approximately 15% and 42.5%, respectively, of any carried interest distributions made by TTP II to its general partner.

Synovus has made a capital commitment of $30 million to TTP Fund, L.P. (“TTP I”), a predecessor fund to TTP II. This capital commitment currently represents an approximately 79.79% interest in TTP I. As of January 20, 2006, Synovus had funded approximately 84.67% of its capital commitment. Synovus will receive a 5% carried interest in TTP I. TTP I is managed by Total Technology Partners, LLC, its general partner, which will receive a 15% carried interest in TTP I. Gardiner W. Garrard, III is entitled to receive 47.4% of any carried interest received by the general partner through his ownership interest in the general partner.

The general partner of each of the funds has entered into an agreement with Total Technology Ventures, LLC (“TTV”) pursuant to which TTV will provide investment management administrative services to each such general partner. Synovus and Gardiner W. Garrard, III hold percentage interests in TTV of 60% and 20%, respectively, and have capital commitments of $1,200,000, and $400,000, respectively, of which 75% have been funded. Synovus serves as the manager of TTV. Gardiner W. Garrard, III and an unrelated member of TTV share responsibility for the day-to-day operations of TTV. The fee payable quarterly by each general partner to TTV for the services provided equals the management fee received quarterly by such general partner from the fund it manages, subject to certain adjustments and reductions. The management fee payable to TTV by the general partner of TTP I and TTP II for such services during 2005 was $743,595, and $1,532,436, respectively. For his role as President and Chief Executive Officer of TTV and managing member of each general partner, Gardiner W. Garrard, III received $250,000 in compensation during 2005.

During 2005, Synovus and its subsidiaries paid the Sea Island Company $251,420 for various hospitality services. Alfred W. Jones III, a director of Synovus and TSYS, is an officer, director and shareholder of the Sea Island Company. James H. Blanchard, Chairman of the Board of Synovus, Chairman of the Executive Committee of TSYS and a director of CB&T, is a director of the Sea Island Company. The charges for these services are comparable to charges to similarly situated unrelated third parties for similar services at similar facilities.

Synovus leased various properties in Columbus, Georgia from W.C. Bradley Co. for office space and storage during 2005. The rent paid for the space was $983,970. During 2005, TSYS leased office space in Columbus, Georgia from W.C. Bradley Co. for lease payments of $726,512. Also during 2005, W.C. Bradley Co. paid a subsidiary of TSYS $1,933,677 for various printing services. The terms of the lease agreements and the charges for printing services are comparable to those provided for between similarly situated unrelated third parties in similar transactions.

CB&T and W.C.B. Air L.L.C. are parties to a Joint Ownership Agreement pursuant to which they jointly own or lease aircraft. W.C. Bradley Co. owns all of the limited liability company interests of W.C.B. Air. CB&T and W.C.B. Air have each agreed to pay fixed fees for each hour they fly the aircraft owned and/or leased pursuant to the Joint Ownership Agreement. CB&T paid an aggregate sum of $3,963,520 for use of the aircraft during 2005 pursuant to the terms of the Joint Ownership Agreement. This amount represents the charges incurred by CB&T and its affiliated corporations for use of the aircraft, and includes $1,947,275 for TSYS’ use of the aircraft, for which CB&T was reimbursed by TSYS. James H. Blanchard, Chairman of the Board of Synovus, Chairman of the Executive Committee of TSYS and a director of CB&T, is a director of W.C. Bradley Co. James D. Yancey, Chairman of the Board of CB&T and a director of Synovus and TSYS, is a director of W.C. Bradley Co. William B. Turner, Jr., Vice Chairman of the Board and President of W.C. Bradley Co., is a director of Synovus and CB&T. John T. Turner, William B. Turner, Jr.’s brother, is a director of W.C. Bradley Co. and a director of TSYS and CB&T.

During 2005, a banking subsidiary of Synovus leased office space in Daniel Island, South Carolina from DIBS Holdings, LLC for $170,203. Frank W. Brumley, a director of Synovus, is managing member of and holds a 30% equity interest in DIBS Holdings, LLC. The terms of the lease agreement are comparable to those provided for between similarly situated unrelated third parties in similar transactions.

During 2005, Synovus and its wholly owned subsidiaries and TSYS paid to Communicorp, Inc. $556,044 and $712,058, respectively, for printing, marketing and promotional services provided by Communicorp, Inc. Communicorp, Inc. is a wholly owned subsidiary of Aflac Incorporated. Daniel P. Amos, a director of Synovus, is Chief Executive Officer and a director of Aflac Incorporated. The amount paid to Communicorp, Inc. by Synovus and its subsidiaries, including TSYS, represents less than .01% of Aflac Incorporated’s 2005 gross revenues. The payments for these services are comparable to payments between similarly situated unrelated third parties for similar services.

William Russell Blanchard, a son of James H. Blanchard, Chairman of the Board of Synovus, was employed by a subsidiary of Synovus as a retail banking executive during 2005. William Russell Blanchard received $135,130 in compensation during 2005. James Edwin Blanchard, a son of James H. Blanchard, was employed by Synovus as a pilot during 2005. James Edwin Blanchard received $69,872 in compensation during 2005. William Fray McCormick, the son-in-law of director Richard Y. Bradley, was employed by a subsidiary of Synovus as a trust officer during 2005. Mr. McCormick received $96,470 in compensation for his services during the year. James Kimbrough Sheek, IV, the son-in-law of director H. Lynn Page, was employed by a subsidiary of Synovus as a trust officer during 2005. Mr. Sheek received $145,633 in compensation during 2005. Roderick Cowan Hunter, the son-in-law of director James D. Yancey, was employed by a subsidiary of Synovus as a director of sales and marketing during 2005. Mr. Hunter received $121,594 in compensation during 2005. The compensation received by the employees listed above is determined under the standard compensation practices of Synovus.

From the 3/21/2005 proxy and other filings

Elizabeth C. Ogie is William B. Turner, Jr.'s first cousin.

During 2004, Synovus’ executive officers and directors (including their immediate family members and organizations with which they are affiliated) were also customers. In management’s opinion, the lending relationships with these directors and officers were made in the ordinary course of business and on substantially the same terms, including interest rates, collateral and repayment terms, as those prevailing at the time for comparable transactions with other customers and do not involve more than normal collection risk or present other unfavorable features.

On January 3, 2005, Synovus made a capital commitment of $60 million to TTP Fund II, L.P. (“TTP II”), which currently represents an approximately 99% interest in TTP II. As of February 28, 2005, Synovus had funded approximately 0.64% of its capital commitment to TTP Fund II through a capital contribution of approximately $386,100. TTP II is managed by Total Technology Partners II, LLC, its general partner. The general partner of TTP II will receive a 20% carried interest in TTP II. As direct and indirect owners of carried interest units in the TTP II general partner, Synovus and Gardiner W. Garrard, III, the son of Gardiner W. Garrard, Jr. who serves as a director of Synovus, TSYS and CB&T, will be entitled to receive approximately 15% and 42.5%, respectively, of any carried interest distributions made by TTP II to its general partner.

Synovus has made a capital commitment of $30 million to TTP Fund, L.P. (“TTP I”), a predecessor fund to TTP II. This capital commitment currently represents an approximately 83% interest in TTP I. As of February 28, 2005, Synovus had funded approximately 76.5% of its capital commitment to TTP I through capital contributions of approximately $22,940,840. Synovus will receive a 5% carried interest in TTP I. TTP I is managed by Total Technology Partners, LLC, its general partner, which will receive a 15% carried interest in TTP I. Gardiner W. Garrard, III owns an approximate 47.4% interest in the general partner of TTP I and is entitled to receive 47.4% of any carried interest received by the general partner.

The general partner of each of the funds has entered into an agreement with Total Technology Ventures, LLC (“TTV”) pursuant to which TTV will provide investment management administrative services to each such general partner. Synovus made a capital commitment to TTV of $1,200,000 of which 75% has been funded. Gardiner W. Garrard, III made an initial capital commitment to TTV of $200,000 of which 75% has been funded and assumed an additional $50,000 in unfunded capital commitments to TTV in accordance with the transactions with Garrard & Jordan Investments, LLC described below. Synovus and Gardiner W. Garrard, III hold percentage interests in TTV of 60% and 20%, respectively. Synovus serves as the manager of TTV. Gardiner W. Garrard, III and an unrelated member of TTV share responsibility for the day-to-day operations of TTV. The fee payable quarterly by each general partner to TTV for the services provided equals the management fee received quarterly by such general partner from the fund it manages, subject to certain adjustments and reductions. The fee payable to TTV by the general partner of TTP I for such services during 2004 was $646,000. For his role as President and Chief Executive Officer of TTV and managing member of the general partner of TTP I, Gardiner W. Garrard, III received $150,000 in compensation during 2004.

Garrard & Jordan Investments, LLC previously held an interest in TTV and in the general partner of TTP I. Garrard & Jordan Investments, LLC was formed by The Jordan Company to invest in TTV. Gardiner W. Garrard, Jr. owns 71.19% of the outstanding stock of The Jordan Company and serves as its President, and his wife and son, Gardiner W. Garrard, III, each own 7.2% of its outstanding stock. On September 17, 2004, Gardiner W. Garrard, III and an unrelated member of TTV purchased 100% of Garrard & Jordan Investments, LLC’s interest in TTV in exchange for a purchase price of $400,000 and the assumption of Garrard & Jordan Investments, LLC’s remaining obligation to make up to $100,000 in capital contributions to TTV. The repurchase price of $400,000 was calculated through negotiations between Garrard & Jordan Investments, LLC and the purchasers based on Garrard & Jordan Investments, LLC’s initial capital commitment of $400,000, capital contributions to TTV to date of $300,000, the timing of such contributions, prevailing interest rates, and other factors believed by them to be relevant. On the same date, the general partner capital interest in TTP I held indirectly by Garrard & Jordan Investments, LLC through its interest in the general partner of TTP I was converted into a 0.443% limited partnership interest in TTP I, and Garrard & Jordan Investments, LLC ceased to hold any interest in the general partner of TTP I.

During 2004, the Sea Island Company paid Synovus Securities, Inc., a subsidiary of Synovus, $71,522 for the provision of brokerage related services. Alfred W. Jones III, a director of Synovus and TSYS, is an officer, director and shareholder of the Sea Island Company. James H. Blanchard, Chief Executive Officer of Synovus, Chairman of the Executive Committee of TSYS and a director of CB&T, is a director of the Sea Island Company. The charges for these services are comparable to charges to similarly situated unrelated third parties for similar services.

Synovus leased various properties in Columbus, Georgia from W.C. Bradley Co. for office space and storage during 2004. The rent paid for the space, which is approximately 72,900 square feet, was $650,715. Synovus also paid W.C. Bradley Co. $447,137 during 2004 to improve one of the properties leased by Synovus. During 2004, TSYS leased office space in Columbus, Georgia from W.C. Bradley Co. for lease payments of $209,496. The terms of the lease agreements are comparable to those provided for between similarly situated unrelated third parties in similar transactions.

CB&T and W.C.B. Air L.L.C. are parties to a Joint Ownership Agreement pursuant to which they jointly own or lease aircraft. W. C. Bradley Co. owns all of the limited liability company interests of W.C.B. Air. CB&T and W.C.B. Air have each agreed to pay fixed fees for each hour they fly the aircraft owned and/or leased pursuant to the Joint Ownership Agreement. CB&T paid an aggregate sum of $3,238,647 for use of the aircraft during 2004 pursuant to the terms of the Joint Ownership Agreement. This amount represents the charges incurred by CB&T and its affiliated corporations for use of the aircraft, and includes $1,669,395 for TSYS’ use of the aircraft, for which CB&T was reimbursed by TSYS. In addition, pursuant to the terms of the Joint Ownership Agreement, Synovus and W.C. Bradley Co. paid $16,280,259 and $4,070,065, respectively, during 2004 to a third party to purchase two replacement aircraft. James H. Blanchard, Chief Executive Officer of Synovus, Chairman of the Executive Committee of TSYS and a director of CB&T, is a director of W.C. Bradley Co. James D. Yancey, Chairman of the Board of Synovus and CB&T and a director of TSYS, is a director of W.C. Bradley Co. William B. Turner, Jr., Vice Chairman of the Board and President of W.C. Bradley Co., is a director of Synovus and CB&T. John T. Turner, William B. Turner, Jr.’s brother, is a director of W.C. Bradley Co. and a director of TSYS and CB&T.

During 2004, a banking subsidiary of Synovus leased office space in Daniel Island, South Carolina from DIBS Holdings, LLC for $170,203. Frank W. Brumley, a director of Synovus, is managing member of and holds a 30% equity interest in DIBS Holdings, LLC. The terms of the lease agreement are comparable to those provided for between similarly situated unrelated third parties in similar transactions.

During 2004, Synovus and its wholly owned subsidiaries and TSYS paid to Communicorp, Inc. $426,466 and $628,563, respectively, for printing, marketing and promotional services provided by Communicorp, Inc. Communicorp, Inc. is a wholly owned subsidiary of AFLAC Incorporated. Daniel P. Amos, a director of Synovus, is Chief Executive Officer and a director of AFLAC Incorporated. The amount paid to Communicorp, Inc. by Synovus and its subsidiaries, including TSYS, represents less than .01% of AFLAC Incorporated’s 2004 revenues. The payments for these services are comparable to payments between similarly situated unrelated third parties for similar services.

William Russell Blanchard, a son of James H. Blanchard, Chief Executive Officer of Synovus, was employed by a subsidiary of Synovus as a commercial lender during 2004. William Russell Blanchard received $106,649 in compensation during 2004. James Edwin Blanchard, a son of James H. Blanchard, Chief Executive Officer of Synovus, was employed by Synovus as a pilot during 2004. James Edwin Blanchard received $63,249 in compensation during 2004. William Fray McCormick, the son-in-law of director Richard Y. Bradley, was employed by a subsidiary of Synovus as a trust officer during 2004. Mr. McCormick received $95,143 in compensation for his services during the year. James Kimbrough Sheek, IV, the son-in-law of director H. Lynn Page, was employed by a subsidiary of Synovus as a trust officer during 2004. Mr. Sheek received $152,748 in compensation during 2004. Roderick Cowan Hunter, the son-in-law of James D. Yancey, Chairman of the Board of Synovus, was employed by a subsidiary of Synovus as a director of sales and marketing during 2004. Mr. Hunter received $105,211 in compensation during 2004. Walter Mabry Deriso, III, a son of former Vice Chairman Walter M. Deriso, Jr., was employed by a subsidiary of Synovus as a trust officer during 2004. Walter Mabry Deriso, III received $102,557 in compensation during 2004. The compensation received by the employees listed above is determined under the standard compensation practices of Synovus.

The terms of the transactions set forth below are comparable to those provided for between similarly situated unrelated third parties in similar transactions.

<>p During 2004, CB&T and certain of Synovus’ other banking subsidiaries received electronic payment processing services from TSYS. During 2004, TSYS derived $4,901,801 in revenues from CB&T and certain of Synovus’ other banking subsidiaries for the performance of electronic payment processing services and $4,819,026 in revenues from Synovus and its subsidiaries for the performance of other data processing, software and business process management services.

TSYS and Synovus are parties to Lease Agreements pursuant to which Synovus leased from TSYS office space for lease payments aggregating $802,552 during 2004.

<>p Synovus and TSYS are parties to Management Agreements pursuant to which Synovus provides certain management services to TSYS. During 2004, these services included human resource services, maintenance services, security services, communication services, corporate education services, travel services, investor relations services, corporate governance services, legal services, regulatory and statutory compliance services, executive management services performed on behalf of TSYS by certain of Synovus’ officers and financial services. As compensation for management services provided during 2004, TSYS paid Synovus aggregate management fees of $8,459,416. Management fees are subject to future adjustments based upon charges at the time by unrelated third parties for comparable services.

<>p During 2004, Synovus Trust Company served as trustee of various employee benefit plans of TSYS. During 2004, TSYS paid Synovus Trust Company trustee’s fees under these plans of $786,902. Also during 2004, Synovus Investment Advisors, Inc., a subsidiary of Synovus, provided advisory services to various employee benefit plans of TSYS for advisory fees of $31,271.

<>p During 2004, CB&T paid TSYS Total Debt Management, Inc., a subsidiary of TSYS, $128,673 for debt collection services.

<>p During 2004, Columbus Depot Equipment Company, a wholly owned subsidiary of TSYS, and Synovus, CB&T and two of Synovus’ other subsidiaries were parties to Lease Agreements pursuant to which Synovus, CB&T and two of Synovus’ other subsidiaries leased from Columbus Depot Equipment Company computer related equipment for bankcard and bank data processing services for lease payments aggregating $9,640.

<>p During 2004, Synovus and CB&T paid TSYS an aggregate of $1,558,306 for miscellaneous reimbursable items, such as data links, network services and postage, primarily related to processing services provided by TSYS.

<>p During 2004, Synovus, CB&T and other Synovus subsidiaries paid to Columbus Productions, Inc., a wholly owned subsidiary of TSYS, $610,907 for printing services.

<>p During 2004, CB&T leased office space from TSYS for lease payments of $39,405. In addition, TSYS leased furniture and equipment from CB&T during 2004 for lease payments of $133,035. Also during 2004, TSYS and its subsidiaries were paid $967,148 of interest by CB&T and certain of Synovus’ other banking subsidiaries in connection with deposit accounts with, and commercial paper purchased from, CB&T and certain of Synovus’ other banking subsidiaries. Furthermore, during 2004 TSYS paid CB&T and certain of Synovus’ other banking subsidiaries fees of $109,835 for the provision of other banking services.

<>p TSYS has entered into an agreement with CB&T with respect to the use of aircraft owned or leased by CB&T and W.C.B. Air L.L.C. CB&T and W.C.B. Air are parties to a Joint Ownership Agreement pursuant to which they jointly own or lease aircraft. TSYS paid CB&T $1,669,394 for its use of the aircraft during 2004.

<>p 3/8/2004 Proxy Information

Prior to December 31, 2004, Mr. Yancey served as Executive Chairman.

Synovus is the owner of all of the issued and outstanding shares of common stock of Columbus Bank and Trust Company (R)("CB&T"). CB&T owns individually 81.1% of the outstanding shares of Total System Services, Inc.(R) ("TSYS(R)"), an electronic transaction processing company.

Elizabeth C. Ogie is William B. Turner, Jr.'s first cousin.

Joe E. Beverly, a director and former Vice Chairman of the Board of Synovus, Commercial Bank, a banking subsidiary of Synovus, and Synovus are parties to a Retirement Agreement pursuant to which Mr. Beverly was paid $63,000 by Commercial Bank for serving as its Chairman and pursuant to which Mr. Beverly was paid $24,000 by Synovus for providing consulting and advisory services relating to Synovus' affiliate banks during 2003.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

Gardiner W. Garrard, Jr., Alfred W. Jones III, Mason H. Lampton and V. Nathaniel Hansford served as members of Synovus' Compensation Committee during 2003. Mr. Garrard and Mr. Jones no longer serve as members of the Committee. No member of the Committee is a current or former officer of Synovus or its subsidiaries.

On May 18, 2000, Synovus, Garrard & Jordan Investments, LLC and Gardiner W. Garrard, III, together with an unrelated individual, formed Total Technology Ventures, LLC ("TTV"), a Georgia limited liability company, for the purpose of providing certain administrative services to TTP Fund, L.P., a venture capital fund formed in the first quarter of 2001 (the "Fund"). Garrard & Jordan Investments, LLC was formed by The Jordan Company to invest in TTV. Gardiner W. Garrard, Jr., a director of Synovus, TSYS and CB&T, owns 71.19% of the outstanding stock of The Jordan Company and serves as its President, and his wife and son, Gardiner W. Garrard, III, each own 7.2% of its outstanding stock.

Pursuant to the organizational documents of TTV, Synovus, Garrard & Jordan Investments, LLC and Gardiner W. Garrard, III made initial capital commitments to TTV in the respective amounts of $1,200,000, $400,000 and $200,000. As of the date hereof, 75% of the total capital commitments to TTV have been funded. Synovus, Garrard & Jordan Investments, LLC and Gardiner W. Garrard, III hold the following percentage interests in TTV: 60%, 20% and 10%, respectively. Synovus serves as the manager of TTV. Gardiner W. Garrard, III is President and Chief Executive Officer of TTV and has responsibility for the day-to-day operations of TTV and management of TTP Fund, L.P. Mr. Garrard received $150,000 in compensation for his services during 2003.

Synovus has made a capital commitment of $30 million to the Fund, which currently represents an approximately 80% interest in the Fund, and Synovus will receive a 5% carried interest in the Fund. As of January 31, 2004, Synovus had funded approximately 61% of its capital commitment to the Fund through capital contributions of approximately $18,292,000. The Fund is managed by Total Technology Partners, LLC, its general partner (the "General Partner"), an entity in which Gardiner W. Garrard, III and Garrard and Jordan Investments, LLC each own an approximately 33% capital interest. The General Partner will receive a 15% carried interest in the Fund. The General Partner entered into an agreement with TTV pursuant to which TTV provides certain administrative services to the General Partner. The fee payable quarterly by the General Partner to TTV for such services equals the management fee received quarterly by the General Partner from the Fund, subject to certain adjustments and reductions. The fee payable for such services during 2003 was $646,000.

During 2003, CB&T purchased a parcel of land in Columbus, Georgia for use as a bank branch from Columbus Park East LLC for $690,000. Gardiner W. Garrard, Jr. is a member of and holds a 50% equity interest in the company which owns 100% of Columbus Park East. The purchase price for the property was based upon the results of an independent third party appraisal.

During 2003, the Sea Island Company paid Synovus Securities, Inc., a subsidiary of Synovus, $562,142 for the provision of investment banking and related services. Alfred W. Jones III, a director of Synovus and TSYS, is an officer, director and shareholder of the Sea Island Company. James H. Blanchard, Chief Executive Officer of Synovus, Chairman of the Executive Committee of TSYS and a director of CB&T, is a director of the Sea Island Company. The charges for these services are comparable to charges to similarly situated unrelated third parties for similar services.

During 2003, James D. Yancey, Chairman of the Board of Synovus and CB&T and a director of TSYS, served as a member of the compensation committee of W.C. Bradley Co. William B. Turner, Jr., a director of Synovus and CB&T, is Vice Chairman of the Board and President of W.C. Bradley Co. Mr. Yancey no longer serves as a member of the compensation committee of W.C. Bradley Co.

TRANSACTIONS WITH MANAGEMENT

During 2003, the subsidiary banks of Synovus had outstanding loans directly to or indirectly accruing to the benefit of certain of the then directors and executive officers of Synovus, and their related interests. These loans were made in the ordinary course of business and were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others. In the opinion of Synovus' management, such loans do not involve more than normal risks of collectibility or present other unfavorable features. In the future, the subsidiary banks of Synovus expect to have banking transactions in the ordinary course of business with Synovus' directors, executive officers and their related interests.

Synovus leased various properties in Columbus, Georgia from W.C. Bradley Co. for office space and storage during 2003. The rent paid for the space, which is approximately 35,400 square feet, was $102,366. During 2003, TSYS leased office space in Columbus, Georgia from W.C. Bradley Co. for lease payments of $196,241. Also during 2003, Synovus entered into a 10 year agreement to lease additional office space in Columbus, Georgia from W.C. Bradley Co. beginning in April of 2004. The rent to be paid for the space by Synovus, which is approximately 37,500 square feet, will be approximately $787,500 during the first year of the lease. The terms of the lease agreements are comparable to those provided for between similarly situated unrelated third parties in similar transactions.

CB&T and W.C.B. Air L.L.C. are parties to a Joint Ownership Agreement pursuant to which they jointly own or lease aircraft. W. C. Bradley Co. owns all of the limited liability company interests of W.C.B. Air. CB&T and W.C.B. Air have each agreed to pay fixed fees for each hour they fly the aircraft owned and/or leased pursuant to the Joint Ownership Agreement. CB&T paid an aggregate sum of $2,441,614 for use of the aircraft during 2003 pursuant to the terms of the Joint Ownership Agreement. This amount represents the charges incurred by CB&T and its affiliated corporations for use of the aircraft, and includes $1,163,922 for TSYS' use of the aircraft, for which CB&T was reimbursed by TSYS. James H. Blanchard, Chief Executive Officer of Synovus, Chairman of the Executive Committee of TSYS and a director of CB&T, is a director of W.C. Bradley Co. James D. Yancey, Chairman of the Board of Synovus and CB&T and a director of TSYS, is a director of W.C. Bradley Co. William B. Turner, Jr., Vice Chairman of the Board and President of W.C. Bradley Co., is a director of Synovus and CB&T. John T. Turner, William B. Turner, Jr.'s brother, is a director of W.C. Bradley Co. and a director of TSYS and CB&T.

During 2003, a banking subsidiary of Synovus leased office space in Daniel Island, South Carolina from DIBS Holdings, LLC for $170,203. Frank W. Brumley, a director of Synovus, is managing member of and holds a 30% equity interest in DIBS Holdings, LLC. The terms of the lease agreement are comparable to those provided for between similarly situated unrelated third parties in similar transactions.

During 2003, Synovus and its wholly owned subsidiaries and TSYS paid to Communicorp, Inc. $425,020 and $377,631, respectively, for printing, marketing and promotional services provided by Communicorp, Inc. Communic Corp, Inc. is awholly owned subsidiary of AFLAC Incorporated. Daniel P. Amos, a director of Synovus, is Chief Executive Officer and a director of AFLAC Incorporated. The payments for these services are comparable to payments between similarly situated unrelated third parties for similar services.

William Russell Blanchard, a son of James H. Blanchard, Chief Executive Officer of Synovus, was employed by a subsidiary of Synovus as a commercial lender during 2003. William Russell Blanchard received $81,057 in compensation for his services during the year. William Fray McCormick, the son-in-law of director Richard Y. Bradley, was employed by a subsidiary of Synovus as a trust officer during 2003. Mr. McCormick received $83,916 in compensation for his services during the year. Walter Mabry Deriso, III, a son of Walter M. Deriso, Jr., Vice Chairman of Synovus, was employed by a subsidiary of Synovus as a trust officer during 2003. Walter Mabry Deriso, III received $87,515 in compensation for his services during the year. James Kimbrough Sheek, IV, the son-in-law of director H. Lynn Page, was employed by a subsidiary of Synovus as a trust officer during 2003. Mr. Sheek received $121,473 in compensation for his services during the year. Roderick Cowan Hunter, the son-in-law of James D. Yancey, Chairman of the Board of Synovus, was employed by a subsidiary of Synovus as a director of sales and marketing during 2003. Mr. Hunter received $107,169 in compensation for his services during the year. The compensation received by the employees listed above is determined under the standard compensation practices of Synovus.