Synchrony Bank

170 W Election Rd, # 125
Draper, UT 84020

Visit Synchrony Bank Website

Synchrony Bank

General Bank Information

FDIC Insured Yes

FDIC Certificate # 27314

Date Established 1988

Synchrony Bank is an FDIC insured institution located in Draper, UT. It was founded in 1988 and has approximately $46.1 billion in assets. Customers can open an account via one of its 4 branches.

Synchrony Bank Financial Size

Assets $46.10 billion
Loans $36.46 billion
Deposits $33.34 billion
Capital $6.60 billion

For a more detailed analysis of Synchrony Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 99.68
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 3.24
Farm Loans 0.00

The top three loan types in Synchrony Bank’s loan portfolio are Credit Card Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Utah, Synchrony Bank has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Your Current Location:
New York, NY 10007

Your Current Location:
New York, NY 10007

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Synchrony Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
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Synchrony Bank Locations

Synchrony Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Synchrony Bank. The data is provided by the FDIC. Please remember that all banks listed on are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Synchrony Bank U.S. Bank Average
Texas Ratio 7.99% 10.62%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of September 30, 2014, Synchrony Bank had $696,958,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,596,021,000 in equity and $2,123,646,000 in loans loss reserves. That gives it a Texas Ratio of 7.99%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity 27.59% 9.04%

Synchrony Bank has a Return on Equity of 27.59% versus the BestCashCow average of 9.04%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization 14.31% 11.20%

Synchrony Bank has a Capitalization of 14.31% versus the BestCashCow average of 11.20%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Synchrony Bank Balance Sheet Analysis

As of September 30, 2014, Synchrony Bank had assets of $46,098,089,000, loans of $36,463,657,000, and deposits of $33,339,660,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Customer Comments for Synchrony Bank

Doug, February 04, 2015

I puchased a DR Trimmer and was issued credit without my knowledge through Syncrony. My payment is $100/mo. 0% interest for three years.
I pay a minimum of $250/mo. six payments in I receive my monthly invoice with a $45 late fee. When I called I was told that the late fee was "valid" because I paid on the 2nd and it was not due until the 20th. So late really means early. There is no early payment penalty per the contract. After threatening to go to the AG about their practices, the agent agreed to reverse the payment "this one time only" as long as I did not pay before the 3rd of every month. the following month I paid on the 5th and you guessed it ANOTHER late fee. During that call, I was told not to pay before the 10th. Their either stupid or scam artists. Either way, I'm paying in full this month...

Helpful? Yes:0 / No:1
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Blaine, December 24, 2014

I use a third party provider to monitor my credit and balances on my account. Synchrony is the only bank that does not allow this provider access to my account. When I contacted their customer service, this is the response I received: "At this time, we do not provide access to Synchrony Bank account(s) via these third-party tools. Please know that protecting any personal information provided to us is one of our primary objectives, and we continue to work closely with these third-party service providers to ensure they meet data security standards and are fully compliant with regulatory requirements before enabling these sites to access your account details."

I have accounts with four of the top ten largest market share credit card issuers. They sync fine with my credit monitor company. Synchrony is a farce if they think that their standards are any higher than the other companies that hold 98.7% of the market share.

And when presented with my issue, their customer service instructed me to send a fax or a letter. They refused to direct a manager speak to me. Lowes should sever all business ties with this company.

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FSalvador, December 09, 2014

There are Web Sites showing a Downtown Houston Branch when there is none.

When I call 1-866-226-5638 my conversation was cut short and went straight to the recording survey. I do not believe I will be doing business with you.

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