| 12/23/08 | The South Financial Group Announces Dates for 4th Quarter 2008 Earnings Release and Conference Call| GREENVILLE, S.C.--(BUSINESS WIRE)--Dec. 23, 2008--The South Financial Group, Inc. (NASDAQ: TSFG) announced it will release
fourth quarter 2008 earnings on Tuesday, January 27, 2009 after the
market closes. The press release and quarterly financial data supplement
will be available at that time in the Investor Relations section of
TSFG's website, www.thesouthgroup.com.
The South Financial Group will hold a conference call/webcast on
Wednesday, January... |
| | 12/16/08 | The South Financial Group Declares Cash Dividends on Common Stock and Preferred Stock| GREENVILLE, S.C.--(BUSINESS WIRE)--Dec. 16, 2008--The South Financial Group, Inc. (NASDAQ: TSFG) announced that its Board
of Directors has declared a first quarter 2009 cash dividend in the
amount of $0.01 per common share. This dividend will be paid on February
1, 2009 to common shareholders of record as of January 15, 2009.
Also, TSFG's Board of Directors declared a quarterly cash dividend of
$25.00 per share on its Mandatory Convertible Non-cumul... |
| | 12/05/08 | The South Financial Group Completes Investment of $347 Million of Senior Preferred Shares by the U.S. Treasury under the Capital Purchase Program| GREENVILLE, S.C.--(BUSINESS WIRE)--Dec. 5, 2008--The South Financial Group, Inc. (NASDAQ: TSFG) today completed the
issuance and sale of $347 million of Fixed Rate Cumulative Perpetual
Preferred Stock, Series 2008-T and related common stock warrants to the
U.S. Treasury Department under its voluntary Capital Purchase Program.
H. Lynn Harton, Interim President and CEO, commented, "The Treasury
Department's investment is a vote of confidence in TSFG a... |
| | 11/14/08 | TSFG Receives Preliminary Approval to Participate in U.S. Treasury Capital Purchase Program; H. Lynn Harton named Interim CEO| Company to Add $347 Million in Capital, Enhance its
Relationship-based Lending, and Gain Greater Flexibility in Managing
its Balance Sheet
GREENVILLE, S.C.--(BUSINESS WIRE)--Nov. 14, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) today announced that the Company
has received preliminary approval from the U.S. Treasury Department to
participate in its Capital Purchase Program, subject to standard terms
and conditions. The Board of Directors also announced t... |
| | 11/10/08 | The South Financial Group Releases Additional Information on Whittle Retirement Agreement| GREENVILLE, S.C.--(BUSINESS WIRE)--Nov. 10, 2008--Today, John C.B.
Smith, Chairman of the Board of Directors of The South Financial
Group, Inc. (NASDAQ: TSFG) released the following statement on behalf
of the Company in response to the comments made by the Governor of
South Carolina:
On September 2, 2008, prior to the announcement of the Troubled
Asset Relief Program ("TARP") by the U.S. Treasury, the Board and Mack
I. Whittle, Jr. agreed that he would retire as Chairman, Presiden... |
| | 10/21/08 | The South Financial Group Reports Third Quarter Results| View Printer-Friendly Version
Quarterly Financial Data Supplement
Financial Review Presentation
Company Maintains Capital Position, Increases Credit Reserves, and Continues Resolution of Problem Loans in Difficult Environment
GREENVILLE, S.C.--(BUSINESS WIRE)--The South Financial Group, Inc. (NASDAQ: TSFG) today reported a
third quarter 2008 net loss of $25.0 million, compared with a second
quarter 2008 net loss of $10.9 million. The net loss per diluted share
was $(0.43) for th... |
| | 09/24/08 | The South Financial Group Announces Dates for 3rd Quarter 2008 Earnings Release and Conference Call| GREENVILLE, S.C.--(BUSINESS WIRE)--Sept. 24, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) announced it will release third
quarter 2008 earnings on Tuesday, October 21, 2008 after the market
closes. The press release and quarterly financial data supplement will
be available at that time in the Investor Relations section of TSFG's
website, www.thesouthgroup.com. The South Financial Group will hold a
conference call/webcast on Wednesday, October 22nd at 10:00 a.m. ET to
review th... |
| | 09/02/08 | The South Financial Group Announces Retirement of Mack Whittle as Chairman, President and CEO| GREENVILLE, S.C.--(BUSINESS WIRE)--Sept. 2, 2008--The South
Financial Group, Inc. (NASDAQ:TSFG) today announced that Mack Whittle,
its Chairman, President and Chief Executive Officer, will retire by
the end of the year. Following his retirement, Whittle will continue
to serve on TSFG's Board of Directors through the duration of his
current elected term, which expires in 2011.
Whittle founded the Company in 1986 with one office and 11
employees in Greenville. Under his leadership, ... |
| | 08/15/08 | The South Financial Group Declares Cash Dividends on Common Stock and Preferred Stock| GREENVILLE, S.C.--(BUSINESS WIRE)--Aug. 15, 2008--The South
Financial Group, Inc. (NASDAQ:TSFG) announced that its Board of
Directors has declared a fourth quarter 2008 cash dividend in the
amount of $0.01 per common share. This dividend will be paid on
November 1, 2008 to common shareholders of record as of October 15,
2008.
In addition, TSFG's Board of Directors declared a quarterly cash
dividend of $25.00 per share on its Mandatory Convertible
Non-cumulative Preferred Stock (S... |
| | 07/22/08 | The South Financial Group Reports Second Quarter Results| View Printer-Friendly Version
Quarterly Financial Data Supplement
Financial Review Presentation
Strategic Actions Result in Strong Capital Position and Net
Interest Margin
Improvement During Difficult Credit Environment
Provision for Credit Losses of $63.8 Million Reflects $16.8
Million of Additional Reserves
Net Interest Margin of 3.24%, up 17 Basis Points
Linked-Quarter
Tangible Equity Ratio of... |
| | 07/18/08 | The South Financial Group Shareholders Approve Conversion Terms and General Voting Rights of Preferred Stock| GREENVILLE, S.C.--(BUSINESS WIRE)--July 18, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) held a Special Meeting of
Shareholders today at the Company's Greenville headquarters.
Shareholders approved the conversion terms and general voting rights
for the Mandatory Convertible Non-cumulative Preferred Stock (Series
2008ND-V, Series 2008ND-NV, Series 2008D-V, and Series 2008D-NV)
issued on May 8, 2008. Approximately 40.7 million shares, or 95% of
votes cast, were voted in favor of... |
| | 06/26/08 | The South Financial Group Declares Dividend on Preferred Stock| GREENVILLE, S.C.--(BUSINESS WIRE)--June 26, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) (TSFG) today announced its
Board of Directors has declared a quarterly cash dividend on its
Mandatory Convertible Non-cumulative Preferred Stock (Series 2008
ND-V, Series 2008 ND-NV, Series 2008D-V, and Series 2008D-NV). The
dividend is equal to $23.33 per preferred share. This amount, which is
based on a rate per annum of 10%, is pro-rated over the initial
dividend period from the May 8, ... |
| | 06/24/08 | The South Financial Group Announces Dates for 2nd Quarter 2008 Earnings Release and Conference Call| GREENVILLE, S.C.--(BUSINESS WIRE)--June 24, 2008--The South
Financial Group, Inc. (NASDAQ:TSFG) announced it will release second
quarter 2008 earnings on Tuesday, July 22, 2008 after the market
closes. The press release and quarterly financial data supplement will
be available at that time in the Investor Relations section of TSFG's
website, www.thesouthgroup.com. The South Financial Group will hold a
conference call/webcast on Wednesday, July 23rd at 10:00 a.m. ET to
review second qu... |
| | 06/06/08 | The South Financial Group Completes Purchase of Five BankAtlantic Branches; Expands Orlando Presence| GREENVILLE, S.C.--(BUSINESS WIRE)--June 6, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) ("TSFG") today announced the
completion of its purchase of assets and assumption of deposits and
other liabilities associated with five retail branch offices from
BankAtlantic, a wholly-owned subsidiary of BankAtlantic Bancorp (NYSE:
BBX). The five branch offices, all located in Orlando, Florida, became
part of Mercantile Bank, The South Financial Group's Florida banking
operations.
Wi... |
| | 05/09/08 | The South Financial Group Successfully Completes Previously Announced Convertible Preferred Stock Offering; Declares Cash Dividend on Common| GREENVILLE, S.C.--(BUSINESS WIRE)--May 9, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) ("TSFG") completed its previously
announced offering of 250,000 shares of mandatory convertible
non-cumulative preferred stock with a purchase price and liquidation
value of $1,000 per share. TSFG plans to use the net proceeds of
approximately $239 million for general corporate purposes, including
increasing its liquidity and overall capital position. On a pro forma
basis reflecting the offe... |
| | 05/02/08 | The South Financial Group Strengthens Capital Position| Company Announces Multi-Tiered Plan to Enhance Balance Sheet
GREENVILLE, S.C.--(BUSINESS WIRE)--May 2, 2008--The South
Financial Group, Inc. (NASDAQ:TSFG) ("TSFG" or the "Company") today
announced a multi-tiered plan to strengthen its overall capital
position. The plan is comprised of the issuance of approximately $250
million of mandatory convertible non-cumulative preferred stock by
TSFG; the issuance of bank-level subordinated debt up to approximately
$100 million following the... |
| | 04/29/08 | The South Financial Group to Present at 2008 Gulf South Bank Conference with Webcast Available| GREENVILLE, S.C.--(BUSINESS WIRE)--April 29, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) is scheduled to present at the
2008 Gulf South Bank Conference in New Orleans on Wednesday, April
30th at 10:00 a.m. CT. Christopher T. Holmes, Executive Vice President
of Retail Banking and Investor Relations, will participate in the
presentation.
Investors may access a live audio-webcast of the presentation
through The South Financial Group's website, www.thesouthgroup.com,
under t... |
| | 04/22/08 | The South Financial Group Reports First Quarter Earnings| View Printer-Friendly Version
Quarterly Financial Data Supplement
Provision for Credit Losses Exceeds Net Loan Charge-Offs by $48.3 Million; Increases Allowance for Credit Losses to 1.72% Progress in Other Key Operating Fundamentals: Net Interest Margin Stable, Customer Funding Growth, and Noninterest Expense Control Increased Tangible Equity Ratio to 6.72%; Remains "Well-Capitalized" Non-Cash, Pre-Tax Goodwill Impairment Charge of $188.4 Million for the Florida Banking Segment; Does N... |
| | 03/25/08 | The South Financial Group Announces Dates for 1st Quarter 2008 Earnings Release and Conference Call| GREENVILLE, S.C.--(BUSINESS WIRE)--March 25, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) announced it will release first
quarter 2008 earnings on Tuesday, April 22, 2008 after the market
closes. The press release and quarterly financial data supplement will
be available at that time in the Investor Relations section of TSFG's
website, www.thesouthgroup.com. The South Financial Group will hold a
conference call/webcast on Wednesday, April 23rd at 10:00 a.m. ET to
review first ... |
| | 03/11/08 | The South Financial Group to Expand in Orlando| Announces Purchase of Five Retail Branch Offices from BankAtlantic
GREENVILLE, S.C.--(BUSINESS WIRE)--March 11, 2008--The South
Financial Group, Inc. (NASDAQ:TSFG) announced today that it has signed
an agreement to purchase assets and assume deposits and other
liabilities associated with five retail branch offices in Orlando,
Florida from BankAtlantic, a wholly-owned subsidiary of BankAtlantic
Bancorp (NYSE: BBX). Following the completion of this transaction,
these offices will ... |
| | 02/22/08 | The South Financial Group Declares Cash Dividend| GREENVILLE, S.C.--(BUSINESS WIRE)--Feb. 22, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) announced that its Board of
Directors has declared a second quarter 2008 cash dividend in the
amount of $0.19 per common share. This dividend will be paid on May 1,
2008 to shareholders of record as of April 15, 2008.
The South Financial Group is the largest publicly-traded bank
holding company headquartered in South Carolina and ranks among the
top 50 U.S. commercial bank holding co... |
| | 02/21/08 | The South Financial Group to Present at KBW Regional Bank Conference with Webcast Available| GREENVILLE, S.C.--(BUSINESS WIRE)--Feb. 21, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) is scheduled to present at the
Keefe, Bruyette & Woods (KBW) 2008 Regional Bank Conference in Boston
on Wednesday, February 27th at 8:00 a.m. ET. James R. Gordon,
Executive Vice President and Chief Financial Officer, will participate
in the presentation.
Investors may access a live audio-webcast of the presentation
through The South Financial Group's website, www.thesouthgroup.com,
un... |
| | 02/13/08 | The South Financial Group Names Andy Morris as Commercial Real Estate Director| GREENVILLE, S.C.--(BUSINESS WIRE)--Feb. 13, 2008--The South
Financial Group, Inc. (NASDAQ/NM: TSFG) announced that it has named
Andy Morris as Executive Vice President - Commercial Real Estate
Director. In this new role for TSFG, Morris will provide the
commercial real estate banking teams with leadership, sales
management, and guidance in structuring, pricing, and credit quality.
He reports directly to TSFG's Chief Risk and Credit Officer, Lynn
Harton.
"We are very pleased to ha... |
| | 01/24/08 | The South Financial Group Reports Fourth Quarter and Full-Year 2007 Earnings| View Printer-Friendly Version
Quarterly Financial Data Supplement
GREENVILLE, S.C.--(BUSINESS WIRE)--Jan. 24, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) today reported fourth quarter
2007 net income of $9.0 million, or $0.12 per diluted share, compared
with net income of $23.6 million, or $0.31 per diluted share, for
fourth quarter 2006. As previously-announced, the fourth quarter 2007
provision for credit losses increased to $31.9 million, primarily due
to weakening cr... |
| | 01/23/08 | The South Financial Group to Present at Citigroup Financial Services Conference with Webcast Available| GREENVILLE, S.C.--(BUSINESS WIRE)--Jan. 23, 2008--The South
Financial Group, Inc. (NASDAQ: TSFG) is scheduled to present at the
Citigroup 2008 Financial Services Conference in New York on Tuesday,
January 29th at 8:45 a.m. ET. Mack I. Whittle, Jr., Chairman,
President, and Chief Executive Officer, will participate in the
presentation.
Investors may access a live audio-webcast of the presentation
through The South Financial Group's website, www.thesouthgroup.com,
under the Investo... |
|
|
