Synchrony Financial Grows Presence in Orlando with New Site

Premier consumer financial services company celebrates grand opening
with $1 million donation to benefit children’s educational opportunities
in Central Florida

STAMFORD, Conn. & ALTAMONTE SPRINGS, Fla.–(BUSINESS WIRE)–Synchrony Financial, (NYSE:SYF)
a premier consumer financial services company with 80 years of heritage,
today held a grand opening for a second location in Central Florida and
affirmed its local commitment with a $1 million donation to the Step Up
for Students scholarship program.

Synchrony Financial has been in the Orlando area since 1983. Its
original location in Longwood is a customer support site.

The company’s second Florida location, in Altamonte Springs, will
provide customer service and collections support across all of Synchrony
Financial’s business platforms. The 102,000 square-foot space features
training and conference rooms with advanced technologies including
telepresence capabilities, an on-site dining venue and employee fitness
center. Plans are already underway, meanwhile, to expand into an
adjacent 25,000 square-foot building in 2017 that will accommodate more
employees.

“The opening today represents Synchrony Financial’s ongoing commitment
to Central Florida and will help us accommodate long-term growth,” said
Heath Arnsperger, vice president, operations, Synchrony Financial.
“We’re proud to be a great place to work and continue to support our
partners and customers; all while working to improve our community
through volunteerism.”

Arnsperger and other Synchrony Financial officials also presented a
check today for $1 million to the Step Up for Students scholarship
program for financially-disadvantaged children.

The donation marks the first time that Synchrony Financial has partnered
with Step Up For Students. Synchrony Financial’s contribution will fund
about 165 K-12 scholarships so financially disadvantaged Florida
children may attend a private school or an out-of-district public school
that fits their individual needs.

Synchrony Financial is committed to addressing the needs of today’s
diverse working families through its Synchrony Families that Work
corporate citizenship program. Giving back to the communities in which
it does business is an important part of Synchrony Financial’s culture,
with employees able to take paid time off for volunteer activities to
help build a better community.

Employees at Synchrony Financial’s Central Florida sites have
volunteered nearly 300 hours so far in 2016 to charitable causes,
working with a number of local non-profit agencies.

Synchrony Financial is currently hiring for customer service and
collections openings in Florida, offering competitive salaries and
benefits including medical, dental, vision, matching 401K contributions,
tuition and fitness reimbursement programs and more. For more
information, visit: http://synchronycareers.com.

About Synchrony Financial

Synchrony Financial (NYSE: SYF)
is one of the nation’s premier consumer financial services companies.
Our roots in consumer finance trace back to 1932, and today we are the
largest provider of private label credit cards in the United States
based on purchase volume and receivables.^* We provide a range
of credit products through programs we have established with a diverse
group of national and regional retailers, local merchants,
manufacturers, buying groups, industry associations and healthcare
service providers to help generate growth for our partners and offer
financial flexibility to our customers. Through our partners’ over
350,000 locations across the United States and Canada, and their
websites and mobile applications, we offer our customers a variety of
credit products to finance the purchase of goods and services. Synchrony
Financial offers private label and co-branded Dual Card^™
credit cards, promotional financing and installment lending, loyalty
programs and FDIC-insured savings products through Synchrony Bank. More
information can be found at www.synchronyfinancial.com,
facebook.com/SynchronyFinancial,
www.linkedin.com/company/synchrony-financial
and twitter.com/SYFNews.

^*Source: The Nilson Report (May 2016, Issue # 1087) – based
on 2015 data.

©2016 Synchrony Bank/Synchrony Financial, All rights reserved.

Contacts

Synchrony Financial
(855) 791-8007
media.relations@synchronyfinancial.com