EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.
RATIO OF EARNINGS TO FIXED CHARGES

	Six
	Months
	Ended
	June 30,			Year Ended December 31,
(in thousands)	2009			2008			2007		2006		2005		2004
Ratio 1 — Including Interest on Deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	(885,201	)		(652,421	)		527,674		645,538		563,340		489,979
Fixed charges		274,987			787,227			1,095,972		895,696		535,408		303,451
Total	$	(610,214	)		134,806			1,623,646		1,541,234		1,098,748		793,430
Fixed Charges:
Interest on deposits	$	249,009			667,453			912,472		746,669		408,405		216,682
Interest on short-term borrowings		1,886			38,577			92,970		72,958		34,342		20,236
Interest on long-term debt		20,141			73,657			84,014		71,050		88,299		62,571
Portion of rents representative of the interest factor
(1/3) of expense		3,951			7,540			6,516		5,019		4,362		3,962
Total fixed charges	$	274,987			787,227			1,095,972		895,696		535,408		303,451
Ratio of earnings to fixed charges		(2.22x	)		0.17x			1.48x		1.72x		2.05x		2.61x
Ratio 1 — Excluding Interest on Deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	(885,201	)		(652,421	)		527,674		645,538		563,340		489,979
Fixed charges		25,978			119,774			183,500		149,027		127,003		86,769
Total	$	(859,223	)		(532,647	)		711,174		794,565		690,343		576,748
Fixed Charges:
Interest on short-term borrowings	$	1,886			38,577			92,970		72,958		34,342		20,236
Interest on long-term debt		20,141			73,657			84,014		71,050		88,299		62,571
Portion of rents representative of the interest factor
(1/3) of expense		3,951			7,540			6,516		5,019		4,362		3,962
Total fixed charges	$	25,978			119,774			183,500		149,027		127,003		86,769
Ratio of earnings to fixed charges		(33.08x	)		(4.45x	)		3.88x		5.33x		5.44x		6.65x