| 12/30/02 | The South Financial Group Announces Exchange Ratio For
Central Bank of Tampa Acquisition| GREENVILLE, S.C., Dec. 30 /PRNewswire-FirstCall/ --
The South Financial Group, Inc. (Nasdaq: TSFG) ( http://www.thesouthgroup.com )
today announced that the applicable exchange ratio for its pending acquisition
of Central Bank of Tampa will be 9.850 shares of TSFG common stock for each
share of Central Bank of Tampa common stock. This ratio was calculated in
accordance with the procedures set forth in the merger agreement. The
acquisition, which will involve the merger of Central Bank of... |
| | 12/17/02 | Central Bank of Tampa Shareholders Approve Acquisition
By The South Financial Group| GREENVILLE, S.C., Dec. 17 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG)
( http://www.thesouthgroup.com ) announced that the Central Bank of Tampa
shareholders approved the acquisition of Central Bank of Tampa by The South
Financial Group. The acquisition, which will involve the merger of Central
Bank of Tampa into Mercantile Bank, The South Financial Group's Florida
subsidiary, is expected to close on December 31, 2002. (Photo: http://www.newscom.com/... |
| | 12/11/02 | The South Financial Group Increases Cash Dividend| GREENVILLE, S.C., Dec. 11 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) announced a 17% increase in
its quarterly cash dividend on its common stock. At its meeting earlier
today, the Board of Directors declared a regular quarterly cash dividend of
$0.14 per common share. The dividend will be paid February 1, 2003 to
shareholders of record as of January 15, 2003. This represents an increase of
$0.02 per quarter, or $0.08 annually. (Photo: http://www.... |
| | 11/01/02 | The South Financial Group Completes Purchase Agreement With Rock Hill Bank & Trust|
GREENVILLE, S.C., Nov. 1 -- The South Financial
Group, Inc. (Nasdaq: TSFG) announced that Carolina
First Bank, its wholly-owned banking subsidiary, had completed the acquisition
of substantially all the assets and all the deposits of Rock Hill Bank &
Trust, effective October 31, 2002. Rock Hill Bank & Trust is the wholly-owned
banking subsidiary of RHBT Financial Corporation. In this transaction, The
South Financial Group issued Rock Hill Bank & Trust 430,017 shares of ... |
| | 10/16/02 | The South Financial Group Reports Third Quarter Earnings|
GREENVILLE, S.C., Oct. 16 --The South Financial Group, Inc. (Nasdaq-NM: TSFG) today reported record
third quarter 2002 net income, excluding nonrecurring items, of $15.6 million,
or $0.37 per diluted share. This represents a 42% increase from the $0.26 per
diluted share earned in the third quarter of 2001 and the sixth consecutive
quarter of earnings growth, excluding nonrecurring items. Including
nonrecurring items, net income for the third quarter 2002 totaled
$14.1 million, or $0.3... |
| | 10/14/02 | The South Financial Group to Webcast 3rd Quarter Earnings Conference Call|
GREENVILLE, S.C., Oct. 2 --The South Financial Group, Inc. (Nasdaq: TSFG; www.thesouthgroup.com )
announced it will release third quarter results before the market opens on
Wednesday, October 16, 2002. The South Financial Group will hold a conference
call later that same day at 10:00 a.m. ET to discuss the earnings results, as
well as update the outlook for the remainder of 2002, and answer analyst
questions. It will also provide a live webcast of the call.
(Photo: http://www.n... |
| | 10/03/02 | The South Financial Group To Acquire Central Bank of Tampa;|
The 3rd Largest Independent Bank Headquartered In Tampa
GREENVILLE, S.C., Oct. 3 /PRNewswire-FirstCall/ --
The South Financial Group, Inc. (Nasdaq: TSFG) today announced the execution
of a definitive agreement to acquire Central Bank of Tampa, a closely-held
community bank headquartered in Tampa, Florida, in a stock transaction valued
at approximately $68 million.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO )
Central Bank of Tampa, which has... |
| | 10/03/02 | The South Financial Group To Acquire Central Bank of Tampa; The 3rd Largest Independent Bank Headquartered In Tampa|
GREENVILLE, S.C., Oct. 3 --
The South Financial Group, Inc. (Nasdaq: TSFG) today announced the execution
of a definitive agreement to acquire Central Bank of Tampa, a closely-held
community bank headquartered in Tampa, Florida, in a stock transaction valued
at approximately $68 million.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO )
Central Bank of Tampa, which has $215 million in assets, operates 5
branches in Tampa and ranks 11th in total deposits in Hillsbo... |
| | 10/02/02 | The South Financial Group to Webcast 3rd Quarter Earnings Conference Call|
GREENVILLE, S.C., Oct. 2 /PRNewswire-FirstCall/ --
The South Financial Group, Inc. (Nasdaq: TSFG) (www.thesouthgroup.com)
announced it will release third quarter results before the market opens on
Wednesday, October 16, 2002. The South Financial Group will hold a conference
call later that same day at 10:00 a.m. ET to discuss the earnings results, as
well as update the outlook for the remainder of 2002, and answer analyst
questions. It will also provide a live webcast of the ca... |
| | 09/23/02 | The South Financial Group Acquires Gardner Associates, A Columbia-Based Insurance Agency| GREENVILLE, S.C., Sept. 23 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) announced that it acquired
Gardner Associates, Inc., an independent insurance agency based in Columbia,
South Carolina, effective September 20, 2002. Terms of the transaction were
not disclosed. (Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO ) Gardner Associates provides general commercial insurance services and
surety bonds to construction, light manufacturing ... |
| | 09/18/02 | The South Financial Group Expands Stock Repurchase Authorization And Declares Cash Dividend| GREENVILLE, S.C., Sept. 18 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq-NM: TSFG)
(http://www.thesouthgroup.com) announced that its Board of Directors has
expanded its stock repurchase authorization to include an additional
1.1 million shares. With the expanded authorization, The South Financial
Group has 1.6 million shares authorized for repurchase. (Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO ) The increased authorization is in connecti... |
| | 09/04/02 | The South Financial Group and Rock Hill Bank & Trust Announce Definitive Purchase and Assumption Agreement| GREENVILLE, S.C., Sept. 4 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) and Rock Hill Bank & Trust
today announced they have entered into a binding Purchase and Assumption
Agreement providing for the acquisition of substantially all of the assets and
all the deposits of Rock Hill Bank & Trust, which is the wholly-owned banking
subsidiary of RHBT Financial Corporation (Nasdaq: RHBTE). Rock Hill Bank &
Trust operates three branches in York County, ... |
| | 09/03/02 | The South Financial Group Completes Merger With Gulf West Banks| GREENVILLE, S.C., Sept. 3 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) (www.thesouthgroup.com)
announced the completion of its merger with Gulf West Banks, Inc., effective
August 31, 2002. In the merger, The South Financial Group issued 4,465,141
shares of TSFG common stock and paid $32,400,178 in cash (both fixed amounts)
in exchange for all outstanding Gulf West common stock and options. (Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFLOGO) ... |
| | 08/29/02 | The South Financial Group and Gulf West Banks Announce Merger Consideration Results| GREENVILLE, S.C. and ST. PETERSBURG, Fla., Aug. 29 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) and
Gulf West Banks, Inc. (Nasdaq: GWBK) today announced that $13.7942 is the per
share merger consideration to be paid to Gulf West shareholders upon the
completion of the merger of the two companies. This per share merger
consideration is based on a market value of $19.931 per share for TSFG common
stock, which was the average of the closing prices for TSFG sto... |
| | 08/23/02 | The South Financial Group To Webcast Conference Call on Asset Purchase Agreement With RHBT Financial Corporation| GREENVILLE, S.C., Aug. 23 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) (www.thesouthgroup.com)
announced the signing of a non-binding letter of intent contemplating the
acquisition of substantially all of the assets and deposits of Rock Hill Bank
& Trust, which is the wholly-owned banking subsidiary of RHBT Financial
Corporation, on August 22, 2002. The South Financial Group will hold a
conference call on Monday, August 26, 2002 at 11:00 a.m. ET to disc... |
| | 08/22/02 | The South Financial Group and RHBT Financial Corporation Announce Asset Purchase Agreement| GREENVILLE, S.C., and ROCK HILL, S.C., Aug. 22 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) and RHBT Financial
Corporation (Nasdaq: RHBT) today announced the signing of a non-binding letter
of intent contemplating the acquisition of substantially all of the assets and
deposits of Rock Hill Bank & Trust, which is the wholly-owned banking
subsidiary of RHBT Financial Corporation. Rock Hill Bank & Trust operates
three branches in York County, including... |
| | 07/29/02 | The South Financial Group Announces Mailing of Gulf West Merger Election Materials| GREENVILLE, S.C., July 29 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) today announced that in
accordance with its merger agreement with Gulf West Banks, Inc., elections
materials have been mailed to Gulf West shareholders of record on
July 22, 2002. Shareholders who do not receive such materials within a
reasonable period of time, as well as persons who become holders of Gulf West
common stock after July 22, may contact the Exchange Agent, Registrar and
T... |
| | 07/17/02 | The South Financial Group Reports Record Earnings; 2nd Quarter Earnings Per Share Up 64% From a Year Ago| GREENVILLE, S.C., July 17 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) today reported record
earnings for the second quarter 2002 of $.36 per diluted share, a 64% increase
from earnings of $.22 per diluted share in the second quarter 2001. Second
quarter 2002 net income totaled $15.0 million, up 56% compared with $9.6
million for the second quarter 2001. Net income and earnings per diluted
share increased in each of the last five consecutive quarters. ... |
| | 07/11/02 | Gulf West Shareholders Approve Merger With The South Financial Group| GREENVILLE, S.C. and ST. PETERSBURG, Fla., July 11 /PRNewswire-
FirstCall/ -- Gordon W. Campbell, Chairman and President of Gulf West Banks,
Inc. (Nasdaq: GWBK), and Mack I. Whittle, Jr., President and Chief Executive
Officer of The South Financial Group, Inc. (Nasdaq: TSFG), jointly announced
that the Gulf West shareholders approved the merger of Gulf West with The
South Financial Group. (Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO ) The merger, which is subject... |
| | 07/10/02 | The South Financial Group to Webcast 2nd Quarter Earnings Conference Call| GREENVILLE, S.C., July 10 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) (www.thesouthgroup.com)
announced it will release its results for the second quarter before the market
opens on Wednesday, July 17, 2002. The South Financial Group will hold a
conference call later that same day at 10:00 a.m. ET to discuss the earnings
results, as well as update the outlook for the remainder of 2002, and answer
analyst questions. It will also provide a live webcast of t... |
| | 06/19/02 | The South Financial Group Declares Cash Dividend| GREENVILLE, S.C., June 19 /PRNewswire-FirstCall/ -- The board of directors of The South Financial Group, Inc. (Nasdaq: TSFG)
(http://www.thesouthgroup.com/) declared a regular quarterly cash dividend of
$0.12 per common share at its June 19, 2002 meeting. The dividend will be
paid August 1, 2002 to shareholders of record as of July 15, 2002. (Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO ) The South Financial Group, headquartered in Greenville, South Carolina, ... |
| | 04/17/02 | The South Financial Group Reports Record Earnings; 1st Quarter Earnings Per Share Up 70% From a Year Ago| GREENVILLE, S.C., April 17 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) today reported record
earnings per diluted share for the first quarter 2002 of $.34, a 70% increase
from reported earnings of $.20 per diluted share in the first quarter 2001.
First quarter 2002 net income totaled $14.1 million, up 64% compared with $8.6
million for the first quarter 2001. Excluding nonrecurring items for both
periods, earnings per diluted share increased 89% to $.34 fo... |
| | 04/10/02 | The South Financial Group to Webcast 1st Quarter Earnings Conference Call| GREENVILLE, S.C., April 10 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) (www.thesouthgroup.com)
announced it will release its results for the first quarter before the market
opens on Wednesday, April 17, 2002. The South Financial Group will hold a
conference call later that same day at 10:00 a.m. ET to discuss the earnings
results, as well as update the outlook for 2002, and answer analyst questions.
It will also provide a live webcast of the call. (Ph... |
| | 03/21/02 | The South Financial Group to Acquire Gulf West Banks; Expand Into Greater Tampa Bay Area| GREENVILLE, S.C., March 21/PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) today announced a
definitive agreement to acquire Gulf West Banks, Inc. (Nasdaq: GWBK) in a
stock and cash transaction currently valued at approximately $115 million.
Gulf West operates 15 branches in greater Tampa and St. Petersburg, Florida
through its subsidiary, Mercantile Bank. (Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO ) The South Financial Group will me... |
| | 02/27/02 | The South Financial Group Expands Stock Repurchase Program| GREENVILLE, S.C., Feb. 27 /PRNewswire-FirstCall/ -- The South Financial
Group, Inc. (Nasdaq: TSFG) announced that its Board of Directors has expanded
its stock repurchase program by authorizing an additional 1 million shares for
its share repurchase program, originally authorized in December 2000. With
the expanded authorization, The South Financial Group may repurchase up to 4
million shares in total, or approximately 10% of its outstanding shares.
Currently, The South Financial Group ha... |
| | 02/26/02 | The South Financial Group to Present at Institutional Conference With Webcast Available| GREENVILLE, S.C., Feb. 26 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) is participating in the
Sandler O'Neill & Partners, West Coast Financial Services Conference on
February 28, 2002 at 10:20 a.m. (PT). Mack I. Whittle, Jr., President and
Chief Executive Officer of The South Financial Group, will present at the
conference. (Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO ) A live webcast of Whittle's presentation, including prese... |
| | 02/25/02 | The South Financial Group Declares Cash Dividend| GREENVILLE, S.C., Feb. 25 /PRNewswire-FirstCall/ -- The board of directors
of The South Financial Group, Inc. (Nasdaq: TSFG)
(http://www.thesouthgroup.com/) declared a regular quarterly cash dividend of
$0.12 per common share at its February 20, 2002 meeting. The dividend will be
paid May 1, 2002 to shareholders of record as of April 15, 2002. (Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO ) The South Financial Group, headquartered in Greenville, South Carolina, is... |
| | 01/24/02 | The South Financial Group Reports Record Earnings; 4th Quarter Earnings Per Share Up 50% From a Year Ago| GREENVILLE, S.C., Jan. 24 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq: TSFG) today reported record
earnings for the fourth quarter and the full year 2001. For the fourth
quarter 2001, earnings per diluted share totaled $.30, a 50% increase from the
$.20 per diluted share earned in fourth quarter 2000. Fourth quarter 2001 net
income totaled $12.6 million, compared with $8.6 million for the fourth
quarter 2000. (Photo: http://www.newscom.com/cgi-bin/prnh/2000... |
| | 01/17/02 | The South Financial Group to Webcast 4th Quarter Earnings Conference Call| GREENVILLE, S.C., Jan. 17 /PRNewswire-FirstCall/ -- The South Financial Group, Inc. (Nasdaq-NM: TSFG) announced it will
release its results for the fourth quarter before the market opens on
Thursday, January 24, 2002. The South Financial Group will hold a conference
call later that same day at 10:00 a.m. ET to discuss the earnings results, as
well as update the outlook for 2002, and answer analyst questions. It will
also provide a live webcast of the call. (Photo: http://www.ne... |
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