September 17, 2009 (FinancialWire) — Synovus Financial Corp. (NYSE: SNV) has priced a public offering of 150 million shares of its common stock at $4 per share. J.P. Morgan Securities (NYSE: JPM) served as sole book-running manager.

The underwriters will have a 30-day option to purchase up to an additional 22.5 million shares of the company’s common stock. The closing date for the transaction is expected to be September 22, 2009.

Synovus plans to use the proceeds of this offering for working capital and general corporate purposes.

Columbus, Georgia-based Synovus is a financial services holding company that operates through 30 banks, 330 offices, and 467 ATMs in Georgia, Alabama, South Carolina, Florida and Tennessee.

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