Synovus Said to Mull Potential Merger After Drawing Interest (1)

Synovus Financial Corp., a regional bank in the southeastern US, is weighing options including a potential merger after drawing interest, people familiar with the matter said.

The Columbus, Georgia-based bank is working with a financial adviser and has recently held merger talks with at least one rival, according to the people, who asked not to be identified because the details aren’t public.

Shares in Synovus rose as much as 10% on Tuesday. The stock was up 6.4% at 2:27 p.m. in New York, giving the company a market value of about $8.2 billion.

Deliberations are ongoing and there’s no ...