Synovus Financial (NYSE: SNV) securities set for removal from NYSE listing
Rhea-AI Filing Summary
Synovus Financial Corp. has been notified that its common stock and two series of non-cumulative perpetual preferred stock (6.300% Series D and 5.875% Series E) will be removed from listing and/or registration on the New York Stock Exchange LLC. The exchange filed a Form 25 under Section 12(b) of the Securities Exchange Act of 1934, certifying that it meets the requirements for this action.
The filing cites the applicable SEC rules for striking a class of securities from listing or for voluntary withdrawal, indicating that both the exchange and the issuer have complied with the relevant procedures.
Positive
- None.
Negative
- Synovus common stock and two preferred series are being removed from listing and/or registration on the New York Stock Exchange via a Form 25 filing.
Insights
NYSE is removing Synovus common and preferred shares from listing, a materially negative step for trading status.
The notification states that Synovus Financial Corp. common stock and its 6.300% Series D and 5.875% Series E non-cumulative perpetual preferred shares will be removed from listing and/or registration on the New York Stock Exchange. This takes place via a Form 25 filing under Section 12(b) of the Exchange Act, which is the formal process to delist a security from a national securities exchange.
The document notes that the exchange has complied with its rules to strike the securities from listing under 17 CFR 240.12d2-2(b), and that the issuer has complied with exchange rules and SEC requirements for voluntary withdrawal under 17 CFR 240.12d2-2(c). The filing itself does not state the reasons or future trading venue, so the impact on liquidity and visibility would depend on where and how the securities trade after delisting.
FAQ
What did Synovus Financial Corp. (SNV) disclose in this Form 25?
The filing states that Synovus Financial Corp. common stock and two series of non-cumulative perpetual preferred stock (6.300% Fixed-To-Floating Rate Series D and 5.875% Fixed-Rate Reset Series E) are being removed from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Exchange Act.
Which Synovus (SNV) securities are affected by the NYSE delisting notice?
The affected securities are Synovus Financial Corp. common stock, its 6.300% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, and its 5.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E.
Who filed the Form 25 for Synovus Financial Corp. (SNV)?
The New York Stock Exchange LLC filed the Form 25 and certified that it has reasonable grounds to believe it meets all requirements to file the notification on behalf of the issuer.
What SEC rules are cited for the Synovus (SNV) removal from NYSE listing?
The notification cites 17 CFR 240.12d2-2(a)(1)-(4), along with 17 CFR 240.12d2-2(b) for the exchange striking the class of securities from listing and 17 CFR 240.12d2-2(c) for the issuer’s voluntary withdrawal from listing and registration.
Does the Synovus (SNV) Form 25 state that procedures for delisting have been followed?
Yes. It states that the exchange has complied with its rules to strike the class of securities from listing and that the issuer has complied with the exchange’s rules and SEC requirements governing voluntary withdrawal from listing and registration.
Who signed the NYSE Form 25 related to Synovus Financial Corp. (SNV)?
The notification was signed on behalf of New York Stock Exchange LLC by Tyler Mastronardi, identified as Analyst, Market Watch, with a signature date of 2026-01-02.