Springfield, MO

Log in Subscribe

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

Posted online

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.


No comments on this story |
Please log in to add your comment
Editors' Pick

Open for Business: Jungle Gym LLC

Indoor kids playground Jungle Gym LLC opened; Pinnacle Business Solutions LLC started as a home-based business-consulting firm; and a church building in Ozark was converted to The Finley.

Most Read Poll
Which medical marijuana initiative(s) will you vote for on Nov. 6?

View results