Exhibit 99.4

FORM 11-K

(Mark One)

þ		ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2009

OR

o		TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission file number 1-10312

SYNOVUS FINANCIAL CORP.
EMPLOYEE STOCK PURCHASE PLAN

Financial Statements

December 31, 2009, 2008, and 2007

(With Report of Independent Registered Public Accounting Firm Thereon)

Report of Independent Registered Public Accounting Firm

The Plan Administrator
Synovus Financial Corp.
 Employee Stock Purchase Plan:

We have audited the accompanying statements of financial condition of the Synovus Financial Corp. Employee Stock Purchase Plan (the Plan) as of December 31, 2009 and 2008, and the related statements of operations and changes in plan equity for each of the years in the three-year period ended December 31, 2009. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial condition of the Plan as of December 31, 2009 and 2008, and the results of its operations and changes in its plan equity for each of the years in the three-year period ended December 31, 2009, in conformity with U.S. generally accepted accounting principles.

/s/ KPMG LLP
Atlanta, Georgia

April 23, 2010

SYNOVUS FINANCIAL CORP.
EMPLOYEE STOCK PURCHASE PLAN

Statements of Financial Condition

December 31, 2009 and 2008

		2009				2008
Assets
Common stock of Synovus Financial Corp., at fair value – 6,882,871 shares (cost $58,007,250) in 2009 and 3,503,606 shares (cost $61,576,914) in 2008		$	14,109,885				29,079,931
Dividends receivable			68,477				205,084
Contributions receivable			620,761				734,039
		$	14,799,123				30,019,054
Plan Equity
Plan equity (4,310 and 4,639 participants in 2009 and 2008, respectively)		$	14,799,123				30,019,054

See accompanying notes to financial statements.

SYNOVUS FINANCIAL CORP.
EMPLOYEE STOCK PURCHASE PLAN

Statements of Operations and Changes in Plan Equity

Years ended December 31, 2009, 2008, and 2007

		2009				2008				2007
Investment income (loss):
Dividend income		$	215,057				1,374,275				1,992,143
Realized (loss) gain on distributions to participants (note 7)			(14,778,707	)			(10,211,752	)			3,672,475
Unrealized depreciation of common stock of Synovus Financial Corp. (note 6)			(11,400,381	)			(31,191,969	)			(20,156,290	)
Total investment loss			(25,964,031	)			(40,029,446	)			(14,491,672	)
Contributions (note 5):
Participants			11,240,964				12,704,261				12,289,728
Participating Employers			5,621,254				6,352,679				6,145,401
Total contributions			16,862,218				19,056,940				18,435,129
Withdrawals by participants – common stock of Synovus Financial Corp., at fair value (1,787,738 shares in 2009, 1,028,403 shares in 2008, and 586,786 shares in 2007) (note 7)			(6,118,118	)			(10,880,938	)			(17,734,489	)
Decrease in Plan equity			(15,219,931	)			(31,853,444	)			(13,791,032	)
Plan equity at beginning of year			30,019,054				61,872,498				75,663,530
Plan equity at end of year		$	14,799,123				30,019,054				61,872,498

See accompanying notes to financial statements.

SYNOVUS FINANCIAL CORP.
EMPLOYEE STOCK PURCHASE PLAN

Notes to Financial Statements

December 31, 2009, 2008, and 2007

(1)		Description of the Plan
		The Synovus Financial Corp. Employee Stock Purchase Plan (the Plan) was implemented as of January 15, 1979. The Plan is designed to enable participating Synovus Financial Corp. (Synovus) and subsidiaries’ employees to purchase shares of Synovus common stock at prevailing market prices from contributions made by them and by Synovus and its subsidiaries (the Participating Employers).
		Synovus serves as the Plan Administrator. The Plan agent is Mellon Investor Services, LLC, hereafter referred to as “Agent.”
		All employees who work 20 hours per week or more are eligible to participate in the Plan on the first payroll date after completing three months of continuous employment. The Plan also permits a participant who has successfully completed the State of Georgia’s Intellectual Capital Partnership Program (ICAPP) to begin participation in the Plan immediately upon the participant’s commencement of employment with a Participating Employer.
		Participants contribute to the Plan through payroll deductions as a percentage of compensation. The maximum allowable contribution ranges from 3% to 7% of compensation based on years of service. The minimum allowable contribution is 1% of compensation. Matching contributions to the Plan are to be made by the Participating Employers in an amount equal to one-half of each participant’s contribution. All contributions to the Plan vest immediately.
		The Plan provides, among other things, that all expenses of administering the Plan shall be paid by Synovus. Brokers’ fees, commissions, and other transaction costs incurred in connection with the purchase in the open market of Synovus common stock under the Plan are included in the cost of such stock to each participant.
		The Plan provides that each participant may withdraw at any time all or some of his or her account balance. The participant may elect to receive the proceeds in the form of shares of common stock of Synovus or in a lump-sum cash distribution. Prior to January 23, 2002, participants who had previously withdrawn shares from their Plan account remained eligible to participate, but with certain exceptions were precluded from receiving matching contributions from the Participating Employers for a specified period of time. Effective January 23, 2002, the Plan was amended to remove the above-mentioned restriction on receiving matching contributions upon a withdrawal of shares from the Plan.
		The Plan provides that upon termination of participation in the Plan, each former participant will receive, at his or her discretion, (i) the full number of shares of Synovus common stock held on his or her behalf by the Agent, together with a check for any fractional share interest, or (ii) a lump-sum cash distribution for the proceeds of the sale of all shares held on his or her behalf by the Agent.
		Participation in the Plan shall automatically terminate upon termination of a participant’s employment whether by death, retirement, or otherwise.

(Continued)

SYNOVUS FINANCIAL CORP.
EMPLOYEE STOCK PURCHASE PLAN

Notes to Financial Statements

December 31, 2009, 2008, and 2007

		Synovus expects to maintain the Plan indefinitely, but reserves the right to terminate or amend the Plan at any time, provided, however, that no termination or amendment shall affect or diminish any participant’s right to the benefit of contributions made by him or her, or his or her Participating Employer prior to the date of such amendment or termination.
		Synovus reserves the right to suspend Participating Employer contributions to the Plan if its board of directors feels that Synovus’ financial condition warrants such action.
(2)		Summary of Significant Accounting Policies
		The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
		The investment in Synovus common stock is stated at fair value, which is based on the closing price at year-end obtained by using market quotations on the principal public exchange market for which such securities are traded. The December 31, 2009 and 2008 fair values were $2.05 per share and $8.30 per share, respectively.
		The Plan’s investment in the common stock of Synovus is exposed to market and credit risks. Due to the level of risk associated with investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the Plan’s financial statements.
		The realized gain or loss on distributions to participants is determined by computing the difference between the average cost per share and the fair value per share at the date of the distribution to the participants, less transaction costs.
		Purchases and sales of Synovus common stock are reflected on a trade-date basis. Dividend income is accrued on the record date.
		Contributions by participants and Participating Employers are accounted for on the accrual basis. Withdrawals are accounted for upon distribution. At December 31, 2009, Plan investments include 5,543 shares held by five terminated employees who have not yet requested distribution in accordance with the terms of the Plan.
(3)		Fair Value Measurements
		The Plan estimates the fair value of its assets consistent with the provisions of the accounting standard for fair value measurements and disclosures. The accounting standard provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy under the accounting standard are described below:

Level 1 – inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Plan has the ability to access.

(Continued)

SYNOVUS FINANCIAL CORP.
EMPLOYEE STOCK PURCHASE PLAN

Notes to Financial Statements

December 31, 2009, 2008, and 2007

			Level 2 – inputs use other inputs that are observable, either directly or indirectly. These inputs include quoted prices for similar assets and liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals.
			Level 3 – inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability.

		In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Plan’s investment in Synovus common stock is considered a Level 1 input under the fair value hierarchy.
		Management of the Plan also believes that the carrying amount of the receivables is a reasonable approximation of fair value due to their short-term nature.
(4)		Tax Status of the Plan
		The Plan is not qualified under Sections 401(a) or 501(a) of the Internal Revenue Code of 1986, as amended. The Plan does not provide for income taxes because any income is taxable to the participants. Participants in the Plan must treat as compensation income their pro rata share of contributions made to the Plan by their Participating Employer. Cash dividends paid on Synovus common stock purchased under the Plan will be taxable to the participants on a pro rata basis for Federal and state income tax purposes during the year any such dividend is received by the participant or the Plan. Upon disposition of the Synovus common stock purchased under the Plan, participants must treat any gain or loss as long-term or short-term capital gain or loss depending upon when such disposition occurs.

(Continued)

SYNOVUS FINANCIAL CORP.
EMPLOYEE STOCK PURCHASE PLAN

Notes to Financial Statements

December 31, 2009, 2008, and 2007

(5)		Contributions
		Contributions by Participating Employers and by participants are as follows:

		2009								2008								2007
		Participating								Participating								Participating
Participating company		Employers				Participants				Employers				Participants				Employers				Participants
Synovus Financial Co rp.		$	1,517,566				3,034,999				1,426,799				2,853,998				1,362,408				2,726,269
Columbus Bank and Trust Company			477,089				954,170				599,107				1,199,193				573,581				1,147,220
Commercial Bank and Trust Company of Troup County			21,998				43,970				34,335				68,662				37,236				74,448
Commercial Bank of Thomas ville			56,051				112,100				74,832				149,661				72,805				145,545
SB&T			82,649				165,270				62,458				124,909				57,525				115,048
Sumter Bank and Trust Company			6,842				13,684				44,819				89,639				48,271				96,542
The Coastal Bank of Georgia			56,556				113,112				74,253				148,502				71,857				143,773
First State Bank and Trust Company			43,962				87,924				47,269				94,536				47,769				95,346
Cohutta Banking Company			63,814				127,627				64,439				128,911				53,273				106,498
Bank of Coweta			53,327				106,662				63,172				126,335				62,367				124,704
Citizens Bank & Trust of West Georgia			—				—				70,159				140,306				98,015				195,869
Synovus Securities , Inc.			152,509				304,872				146,233				292,371				125,164				250,254
Community Bank and Trust of Southeast Alabama			60,296				120,580				58,572				117,143				49,290				98,580
Tallahassee State Bank			26,232				52,464				28,515				57,030				25,199				50,398
CB&T Bank of Middle Georgia			44,687				89,373				61,845				123,688				64,561				128,867
First Community Bank of Tifton			35,288				70,577				45,381				90,760				45,649				91,374
CB&T of East Alabama			44,416				88,833				49,096				98,192				42,991				86,080
Sea Is land Bank			100,687				201,373				106,287				212,573				87,746				175,489
Citizens First Bank			39,286				78,572				47,662				95,323				46,668				93,332
First Coast Community Bank			28,665				57,330				32,093				64,140				31,197				62,393
Bank of Pensacola			—				—				137,531				275,062				126,789				253,541
Vanguard Bank and Trust			—				—				71,095				142,189				79,304				158,470
The National Bank of Walton County			—				—				29,204				58,406				39,739				79,478
AFB&T			219,009				438,019				214,628				429,256				192,664				385,297
First Commercial Bank of Birmingham			218,691				437,380				252,259				504,459				237,228				474,230
First National Bank of Jasper			88,337				176,668				96,379				192,750				97,241				194,476
Sterling Bank			57,662				114,631				67,672				134,865				66,592				132,484
The Bank of Tuscaloosa			44,162				88,323				67,584				135,165				70,844				141,681
First Commercial Bank of Huntsville			82,685				165,371				94,867				189,734				83,985				167,971
Peachtree National Bank			—				—				—				—				35,438				70,876
Synovus Mortgage Corp.			244,529				489,056				195,673				391,313				219,133				438,031
Citizens & Merchants State Bank			—				—				23,938				47,876				26,122				52,243
Synovus Trust Company			262,998				525,996				317,722				635,388				305,904				611,995
The National Bank of South Carolina			340,799				681,599				384,771				769,527				376,145				752,260
Bank of North Georgia			487,986				975,998				562,074				1,124,114				462,183				924,117
Georgia Bank & Trust			56,682				113,363				65,592				131,183				58,091				116,179
Total Technology Ventures			2,317				4,634				10,981				21,961				11,137				22,273
Synovus Insurance of Georgia			68				136				2,954				5,907				12,051				24,102
Creative Financial Group			92,211				184,423				108,516				216,977				105,252				210,190
GLOBALT, Inc.			71,803				143,317				70,590				139,741				62,789				125,511
The Bank of Nashville			59,001				118,002				73,976				147,941				69,010				138,015
First Nation Bank			—				—				—				—				41,820				83,584
Synovus Bank of Jacksonville			43,203				86,407				48,192				96,385				41,600				83,201
Trust One Bank			55,203				110,171				78,198				156,353				73,391				146,628
Synovus Insurance of Florida			—				—				195				388				212				425
Synovus Insurance of Alabama			—				—				84				168				605				1,210
First Florida Bank			—				—				35,133				70,202				55,155				110,307
Cohutta Banking Company of Tennessee			—				—				4,549				9,097				8,649				17,417
Synovus Bank			149,856				299,712				200,996				401,982				182,756				365,507
Coastal Bank and Trust of Florida			130,872				261,745				—				—				—				—
Synovus Title II LLC			1,260				2,521				—				—				—				—
Total contributions		$	5,621,254				11,240,964				6,352,679				12,704,261				6,145,401				12,289,728

(Continued)

SYNOVUS FINANCIAL CORP.
EMPLOYEE STOCK PURCHASE PLAN

Notes to Financial Statements

December 31, 2009, 2008, and 2007

(6)		Unrealized Depreciation in Common Stock of Synovus Financial Corp.
		Changes in unrealized depreciation in Synovus common stock are as follows:

		2009				2008				2007
Unrealized depreciation at end of year		$	(43,897,365	)			(32,496,984	)			(1,305,015	)
Unrealized (depreciation) appreciation at beginning of year			(32,496,984	)			(1,305,015	)			18,851,275
Unrealized depreciation for the year		$	(11,400,381	)			(31,191,969	)			(20,156,290	)

(7)		Realized (Loss) Gain on Withdrawal/Distributions to Participants
		The (loss) gain realized on withdrawal/distributions to participants is summarized as follows:

		2009				2008				2007
Fair value at dates of distribution or redemption of shares of Synovus common stock		$	6,118,118				10,880,938				17,734,489
Less cost (computed on an average cost basis) of shares of Synovus common stock distributed or redeemed			20,896,825				21,092,690				14,062,014
Total realized (loss) gain		$	(14,778,707	)			(10,211,752	)			3,672,475