Synovus 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
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