Business: Groundwork begins for Lumina Coffee shop; target opening now early February. Big second quarter, big purchase for Synovus.

Business: Groundwork begins for Lumina Coffee shop; target opening now early February. Big second quarter, big purchase for Synovus.

The initial work for the coffee shop started Monday with an early February opening now targeted. Contributed photo.

 

Groundwork is under way for Rome’s newest coffee shop, Lumina, at the entrance to State Mutual Stadium and the Armuchee Connector. Contributed photo.  Mike Scheiffer who, with his son, Matt, is opening the new coffee shop, says crews were there Monday to get site work started. If all goes as planned (weather included), he hopes the retail operation will be pretty much in order in late January for hiring and training, with an opening set around the beginning of February.

Previously on Hometown:

In early February, Mike and Matt Schieffer announced plans to bring Lumina Coffee Co. to Rome.  The intent is to “be a light” for customers, whether it be a quick refuge from the day, a place to camp out during homework sessions or some social time with family and friends.

Lumina will be on the front east corner lot of Braves Boulevard and the Bypass. The shop will seat 65 inside and another 24 outside with hours 6 a.m.-9 p.m. Monday-Saturday; closed Sundays. They will be hiring some 25 to 50 people.


Big quarter, big merger for Synovus: Synovus Financial Corp., with offices and major holdings in Floyd, Bartow and Gordon counties (former Citizens First, GB & T), posted strong second-quarter gains and made a huge acquisition announcement. Financials first:

  • Total average deposits were $26.27 billion, up $480.0 million or 7.5% annualized from the previous quarter and $1.28 billion or 5.1% as compared to the second quarter 2017.
  • Total revenues were $359.3 million, up $17.9 million or 5.3% from the previous quarter and $39.5 million or 12.3% from the second quarter 2017.
  • Net interest income was $284.6 million, up $10.3 million or 3.8% from the previous quarter and up 13.3% from the second quarter 2017.

Also Tuesday, Synovus announced its intent to merge with FCB Financial Holdings Inc. of Florida. Synovus will acquire FCB Financial Holdings, Inc., owner of Florida Community Bank, Florida’s largest community bank. With the addition of FCB, Synovus will become a top five regional bank by deposits in the Southeast region with pro forma $36 billion in deposits and $44 billion in assets. The transaction is expected to close by the first quarter of 2019. FCB will merge with Synovus Bank and operate under the Synovus brand, and FCB Financial Holdings President and CEO Kent Ellert will be executive vice president of Synovus and Florida market president.

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