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Synovus Settles Shareholders' Suit for $11.75M

More than $400M in loans to bankrupt Sea Island company at heart of security fraud claims against bank

, Daily Report

A Georgia bank that made more than $400 million in loans to a Sea Island real estate company that collapsed in bankruptcy has agreed to settle a suit with bank shareholders for $11.75 million.

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Originally appeared in print as Synovus settles shareholders' suit for $11.75M Synovus settles for $11.75M