South Financial Group

Infobox Company
|company_name = The South Financial Group
company_
company_type = Public (nasdaq|TSFG)
slogan = Whatever it takes.
foundation =
location = Greenville, South Carolina
key_people = Mack I. Whittle, CEO & President
num_employees = 2,473
industry = Financial services
products = Asset management Commercial banking Online banking
Retail banking
revenue =
homepage = [http://www.thesouthgroup.com www.thesouthgroup.com]

The South Financial Group (nasdaq|TSFG)is a bank holding company headquartered in Greenville, South Carolina. As of early 2008, it had $13.8 billion in assets and was the 50th-largest bank holding company in the United States. [cite web
url = http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx
title = Top 50 bank holding companies
date = 2008-03-31
publisher = Federal Financial Institutions Examination Council
accessdate=2008-04-16 ] The company has nearly 2,500 employees.cite web
url = http://www.ibanknet.com/scripts/callreports/getbank.aspx?ibnid=usa_1141599
title = South Financial Group, The
date = 2008-02-19
work = Holding Companies
publisher = iBanknet.com
accessdate=2008-04-16 ]

History

* 1986 – began as the Carolina First Bankcite web
url = http://www2.fdic.gov/idasp/report_bhc.asp?inSortIndex=0&inCert1=1141599&period1=06/30/2006
title = Bank Holding Company Detail
date = 2007-12-31
work = FDIC Institution Directory
publisher = Federal Deposit Insurance Corporation
accessdate=2007-04-16 ]
* 1994 – acquired Citadel Federal Savings and Loan of Charleston, South Carolina
* 1995 – acquired Carolina First Savings Bank F.S.B. of Georgetown, South Carolina, Aiken County National Bank of Aiken, South Carolina, and Midlands National Bank of Prosperity, South Carolina
* 1999 – acquired Citizens Bank, NA of Shawano, Wisconsin
* 1997 – acquired Lowcountry Savings Bank of Mount Pleasant, South Carolina and First Federal Savings and Loan of Anderson, South Carolina
* 1998 – acquired First National Bank of Pickens County of Easley, South Carolina and Colonial Bank of South Carolina of Camden, South Carolina
* 2000 – acquired The Anchor Bank of Myrtle Beach, South Carolina and Carolina First Bank of Travelers Rest, South Carolina
* 2002 – acquired Rock Hill Bank & Trust of Rock Hill, South Carolina
* 2003 – acquired Mountainbank of Hendersonville, North Carolina
* 2007 – acquired Mercantile Bank of Orlando, Florida

Subsidiaries

The South Financial Group operates three wholly owned subsidiaries: Mercantile Bank of Florida, Carolina First in North Carolina and South Carolina, and Bank CaroLine, an internet bank. All three brands function as a subsidiary of Carolina First, which has $14.0 billion in assets.

References

External links

* [http://www.thesouthgroup.com/ Official site]