| Business Summary | | The
South
Financial
Group,
Inc.
is
a
financial
holding
company.
As
of
December
31,
2000,
the
Company
has
operated
through
subsidiaries
consisting
of
Carolina
First
Bank,
a
South
Carolina
state-chartered
commercial
bank;
Citrus
Bank,
a
Florida
state-chartered
commercial
bank;
Carolina
First
Mortgage
Company,
a
mortgage
banking
company,
and
Blue
Ridge
Finance
Company,
Inc.,
an
automobile
finance
company.
The
Company
provides
a
full
range
of
banking
services,
including
mortgage,
trust
and
investment
services,
designed
to
meet
substantially
all
of
the
financial
needs
of
its
customers.
The
Company
conducts
business
through
74
locations
in
South
Carolina,
five
locations
in
North
Carolina
and
15
locations
in
northern
and
central
Florida.
As
of
December
31,
2000,
the
Company
had
approximately
$5.2
billion
in
assets,
$3.7
billion
in
loans,
$3.9
billion
in
deposits
and
$468.7
million
in
shareholders'
equity. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TSFG
is
a
bank
holding
company
for
Carolina
First
Bank,
Citrus
Bank,
CF
Mortgage
Company,
Carolina
First
Bank,
F.S.B.
and
Blue
Ridge
Finance
Company.
For
the
six
months
ended
6/01,
total
interest
income
rose
6%
to
$197.9
million.
Net
interest
income
after
loan
loss
prov.
fell
1%
to
$76.8
million.
Net
income
before
acct'g
change
rose
from
$1.5
million
to
$18
million.
Results
reflect
higher
average
earning
assets,
offset
by
lower
spreads,
and
the
absence
of
restructuring
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Timmons, Jr., 77 Chairman | -- | -- | Mack Whittle, Jr., 52 Pres,
CEO | $562K | -- | Stephen Chryst, 54 Director
and Chairman and COO, Carolina First Bank | 860K | $225K | William Hummers, III, 55 Exec.
VP, Sec. | 357K | -- | John DuBose, 49 Exec.
VP | 358K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|