Synchrony Bank

170 West Election Road, Suite 125
Draper, UT 84020

Synchrony Bank


General Bank Information

FDIC Insured Yes
FDIC Certificate # 27314
Date Established 1988
Assets $75.74 billion
Loans $58.74 billion
Deposits $56.67 billion
Capital $10.19 billion

Synchrony Bank is an FDIC insured institution located in Draper, UT. It was founded in 1988 and has approximately $75.74 billion in assets. Customers can open an account at one of its 5 branches.

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?

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

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 100.00
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 2.10
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Synchrony Bank, but see these great savings and CD rates:

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Synchrony Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Learn More
Ally Mortgage
NMLS ID: 181005
4.431% 4.375% 0.38 $1,746 $1,249 Learn More NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.266% 4.250% -0.25 $580 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.051% 4.990% 0.38 $1,736 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
5.051% 4.990% 0.38 $1,736 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.740% $231.27 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to Synchrony Bank
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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.

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Synchrony Bank Locations

Financial Details

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. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Synchrony Bank U.S. Bank Average
10.11% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2017, Synchrony Bank had $1,498,750,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,192,530,000 in equity and $4,638,348,000 in loans loss reserves. That gives it a Texas Ratio of 10.11%.

Return on Equity
Synchrony Bank U.S. Bank Average
15.93% 8.84%

Synchrony Bank has a Return on Equity of 15.93% versus the BestCashCow average of 8.84%. 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.

Synchrony Bank U.S. Bank Average
13.46% 12.21%

Synchrony Bank has a Capitalization of 13.46% versus the BestCashCow average of 12.21. 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, 2017, Synchrony Bank had assets of $75,737,232,000, loans of $58,738,690,000, and deposits of $56,674,817,000. 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.

Frequently Asked Questions About Synchrony Bank

Branches and Savings

Is Synchrony Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27314.

Why does Synchrony Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Synchrony Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Synchrony Bank a commercial bank?


Where are Synchrony Bank locations?

See branch locations nearby.

Is Synchrony Bank open on Saturdays?

Is Synchrony Bank open on Sundays?

What time does Synchrony Bank open?

What time does Synchrony Bank close?

Are Synchrony Bank ATMs Open 24/7?

Do Synchrony Bank ATMs accept cash deposits?

Can Synchrony Bank customers use other ATMs?

Do Synchrony Bank branches have notaries?

Will Synchrony Bank notarize my document?

What address for Synchrony Bank should I put for incoming ACH transfers?

Will the Synchrony Bank branch print checks?

Do Synchrony Bank checks expire?

Does Synchrony Bank require US citizenship to open account?

Can Synchrony Bank close my account?

Does Synchrony Bank Report to credit bureaus?

Does Synchrony Bank Use Equifax?

What is Synchrony Bank's ACH Routing Number?

What is Synchrony Bank's SWIFT code?


Does Synchrony Bank offer mortgages?

Compare mortgage rates here.

Does Synchrony Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Synchrony Bank offer personal loans?

Compare personal loan rates here.

Does Synchrony Bank offer student loans?

Will Synchrony Bank cash a check?

Will Synchrony Bank redeem a savings bond?

Does Synchrony Bank cash savings bonds?

Will Synchrony Bank cash money orders?

Can Synchrony Bank issue a money order?

Does Synchrony Bank do currency exchange?

Background on The Bank

Who owns Synchrony Bank?

How long has Synchrony Bank been around?

Can Synchrony Bank transfer to other banks?

Does Synchrony Bank have quick pay?

Does Synchrony Bank accept rolled coins?

Will Synchrony Bank accept loose change?

Where is Synchrony Bank headquarters?

Customer Reviews for Synchrony Bank

  • Samuel P. Massaquoi

    June 26, 2016

    Please send to my e-mail ( a list of branch locations in New York City, NY including phone numbers. Your cooperation is highly appreciated.

  • eugene

    May 27, 2015

    this bank sounds like a crooked bank. I was going to put a great amount of money with this bank and I feel very leery about that.

  • Ma Sand

    April 27, 2015

    I was surprised in reading this letter I received from Synchrony Bank, in Orlando. I had dental work done, about three years ago. "Our records indicate that your CARECREDIT/SYNCHRONY BANK account has been inactive for more then three years." Yes, I made a point of paying the bill off! Ok, it's been three years. I know, I believed I was being smart, keeping this CareCredit Credit Card for dental emergencies...being low-income. I have VERY good credit score, pay ALL my bills on time or early. I was appalled, yet laughed, in reading "We have closed your account due to prolonged inactivity".
    I guess I insulted them, even though I was proud at not having to use them. It seems they are insulted, decided they didn't want to work with me since they were not collecting any money from me at this time. I know I will need it, teeth are showing wear, but I guess I will deal with that issue when it comes...may NOT be Synchrony Bank now. THEY lost out! I'll go elsewhere!.

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