Synchrony Bank

170 West Election Road, Suite 125
Draper, UT 84020

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Synchrony Bank


General Bank Information

FDIC Insured Yes
FDIC Certificate # 27314
Date Established 1988
Assets $71.79 billion
Loans $57.08 billion
Deposits $54.74 billion
Capital $9.80 billion

Synchrony Bank is an FDIC insured institution located in Draper, UT. It was founded in 1988 and has approximately $71.79 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 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.

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 2.00
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

Loan Rates

Your Current Location: Virginia, VA 20146

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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
9.62% 9.04%

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 December 31, 2016, Synchrony Bank had $1,292,382,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,800,156,000 in equity and $3,630,472,000 in loans loss reserves. That gives it a Texas Ratio of 9.62%. 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
Synchrony Bank U.S. Bank Average
19.68% 8.42%

Synchrony Bank has a Return on Equity of 19.68% versus the BestCashCow average of 8.42%. 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
13.65% 11.86%

Synchrony Bank has a Capitalization of 13.65% versus the BestCashCow average of 11.86%. 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 December 31, 2016, Synchrony Bank had assets of $71,790,226,000, loans of $57,080,080,000, and deposits of $54,743,590,000. 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 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 26, 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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