Synovus Expands Foodservice Focus with New Restaurant Finance Team
December 17 2021 - 10:00AM
Business Wire
Synovus today announced the launch of a new restaurant finance
team focused on helping restaurants across the country execute
strategic plans for growth while fostering relationships with
established and up-and-coming names in the sector.
Residing in Synovus’ wholesale banking division and based in
Atlanta, the restaurant finance team offers a wide array of
services and solutions tailored to the foodservice industry.
Services include acquisition financing, senior credit facilities
(term loans, development loans and revolving lines of credit),
property company financing, loan syndications, derivatives hedging,
treasury management, foreign exchange, and institutional trust
expertise. The team consists of restaurant industry and banking
veterans Scott Tocci, Kelly Nyquist, and Jay Sim.
“Restaurants are a major source of economic growth and
development throughout Synovus’ five-state footprint and the
country,” said Kevin Howard, Synovus executive vice president and
chief wholesale banking officer. “Our new restaurant finance team
combines the resources of a large financial institution with
industry expertise, a deep understanding of market conditions, the
knowledge of restaurant equity and debt investor needs, and the
flexibility to work with middle market to large market clients. We
are confident this team will be an important source of value
creation for Synovus and the growing number of restaurant industry
businesses and clients. We couldn’t be more excited to welcome
Scott, Kelly, and Jay to Synovus."
Tocci, senior director of the restaurant finance team, is an
experienced banking professional with more than 25 years in the
restaurant financing sector. Prior to joining Synovus, he spent
more than eight years as managing director of the restaurant
banking division at Regions Bank and 11 years as managing director
at GE Franchise Finance.
Nyquist, named senior manager of wholesale credit risk
management, has more than 15 years of banking experience and also
joined Synovus from Regions Bank where he worked alongside Tocci on
the specialized restaurant banking team. Prior to Regions, he was
part of Bank of America's franchise finance team and worked at
CompuCredit as a securitization-financial analyst. Nyquist earned
his undergraduate degree from Dickinson College and his MBA from
Mercer University.
Sim, senior wholesale credit manager, is a more than 20-year
banking veteran with extensive experience in restaurant credit
analysis and underwriting. Prior to joining Synovus, he spent more
than ten years at Regions Bank and worked with Tocci and Kelly on
the specialized restaurant banking team. Preceding Regions, Sim
worked at Bank of America in restaurant finance credit,
underwriting, and analysis. Sim is a graduate of Emory
University.
For more information about the Synovus restaurant finance team,
visit
synovus.com/corporate/specialty-groups/restaurant-finance.
Synovus Bank, a Georgia-chartered, FDIC-insured bank,
provides commercial and retail banking and a full suite of
specialized products and services, including private banking,
treasury management, wealth management, mortgage services, premium
finance, asset-based lending, structured lending, and international
banking through 281 branches in Georgia, Alabama, South Carolina,
Florida, and Tennessee. Synovus is a Great Place to Work-Certified
Company and is on the web at synovus.com, and on Twitter, Facebook,
LinkedIn, and Instagram.
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Sara Bagdadi sarabagdadi@synovus.com
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