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Synovus pockets $75M in Bass Pro-Cabela’s deal

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Largely due to its role in the merger between Bass Pro Shops and Cabela’s, Synovus Financial Corp. reported third-quarter profits of $95.4 million.

The company pocketed a $75 million fee for its assist in the deal.

Synovus bought Cabela’s World’s Foremost Bank subsidiary, with plans to then sell the division’s credit card assets to Capital One.

The move allowed Bass Pro and Cabela's to clear the final regulatory hurdle by the Federal Reserve.

Read more from the Ledger-Enquirer.

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