Synchrony Bank

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Synchrony Bank Locations

Deposit Rates - June 19, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27314
Date Established 1988
Assets $ 85.30 billion
Loans $ 64.15 billion
Deposits $ 65.85 billion
Capital $ 10.10 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 10.33 billion
Interest-bearing balances $ 9.95 billion
Total securities $ 7.36 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 64.15 billion
Loan loss allowance $ 9.57 billion
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 937.00 million
All other assets $ 2.52 billion
     Total Assets $ 75.20 billion

LIABILITIES
Total deposits $ 65.85 billion
      Interest-bearing deposits $ 65.53 billion
      Deposits held in domestic offices $ 65.85 billion
      % insured (estimated) 88.34%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.89 billion
Subordinated debt N.A.
All other liabilities $ 4.46 billionn
      Total Liabilities $ 75.20 billion
      Shareholders’ Equity $ 10.10 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 11.01 billion
Total Interest Expense $ 1,294.00 million
Net interest income $ 9.72 billion
Provision for loan and lease losses $ 4.77 billion
Total non interest income $ 859.00 million
Total non interest expense $ 3.96 billion
Pre-tax Net Operating Income $ 1,850.00 million

Synchrony Bank is an FDIC insured institution headquartered at 170 West Election Road, Suite 125, Draper, UT 84020.
It was founded in 1988 and has approximately $85 billion in assets. Customers can open an account at one of its 5 branches.

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