Tuesday, April 18, 2017

Synovus Agrees to Buy Cabela’s Banking Assets

Image result for cabela's and bass pro acquisitionSynovus Financial Corp. said Monday it had agreed to buy the banking assets of Cabela’s Inc., allowing the outdoor retailer’s $4.2 billion sale to rival Bass Pro Shops to proceed after hitting regulatory snags.

Capital One Financial Corp. will buy Cabela’s credit-card portfolio, while Synovus, a small lender in the southeastern U.S., will acquire the bank’s $1.2 billion in deposits.. . . more

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