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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.[2] The company has nearly 2,500 employees.[1]
[edit] History
- 1986 – began as the Carolina First Bank[3]
- 1994 – acquired Citadel Federal Savings and Loan of Charleston, South Carolina[3]
- 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[3]
- 1999 – acquired Citizens Bank, NA of Shawano, Wisconsin[3]
- 1997 – acquired Lowcountry Savings Bank of Mount Pleasant, South Carolina and First Federal Savings and Loan of Anderson, South Carolina[3]
- 1998 – acquired First National Bank of Pickens County of Easley, South Carolina and Colonial Bank of South Carolina of Camden, South Carolina[3]
- 2000 – acquired The Anchor Bank of Myrtle Beach, South Carolina and Carolina First Bank of Travelers Rest, South Carolina[3]
- 2002 – acquired Rock Hill Bank & Trust of Rock Hill, South Carolina[3]
- 2003 – acquired Mountainbank of Hendersonville, North Carolina[3]
- 2007 – acquired Mercantile Bank of Orlando, Florida[3]
[edit] 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.[1]
[edit] References
[edit] External links
