Synchrony Bank

Warning!

It seems that JavaScript is not working in your browser. It could be because it is not supported, or that JavaScript is intentionally disabled. Some of the features on CT.gov will not function properly with out javascript enabled.

Settings Menu

Language
High Contrast
High Contrast Mode On or Off switch
Font Size
Disclaimer

Due to far below normal precipitation and ongoing fire danger levels, a Stage 2 Drought Advisory has been declared for Connecticut. Residents are encouraged to be mindful of water consumption and use extra caution to prevent fires. An emergency burn ban is in effect at all state parks, forests, and wildlife management areas, prohibiting the use of all outdoor grills, firepits, campfires, etc.

Synchrony Financial

Overview

Synchrony Bannk

The need
A home of its own.

The solution
Assistance from the First Five program.

The story
GE Capital was spinning off its North American consumer-lending business. The business was included in GE Capital’s headquarters in Stamford, but the new company, to be called Synchrony Financial, was looking for its own headquarters.

Through the First Five program, the state agreed to provide up to $20 million in grants to help Synchrony Financial outfit its 312,000 square-foot headquarters in Stamford. Synchrony agreed to retain 310 headquarters' jobs and create 400 more, with the grants being released incrementally as the company met its job targets.