(Bloomberg)—A construction boom in Atlanta, Nashville and Orlando raises concern that some lenders may be taking on too much risk, Synovus Financial Corp.’s top executive said.
“I still have some scars from the last crisis,” Kessel Stelling, chief executive officer since 2010, said in an interview at Bloomberg’s Atlanta office. “We lived to tell about it. I want to be sure we live to tell about it again.”
Columbus, Georgia-based Synovus, which operates in five states, repaid $968 million in funds to the Treasury Department in 2013, becoming one of the last large banks to rid itself of the stigma of the Troubled Asset Relief Program in the wake of the 2007-2009 recession that brought the bank close to collapse.
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.