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South Financial Group Incorporated - Company Profile Snapshot

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Company Profile: South Financial Group Incorporated
Ticker: TSFG
Exchanges: NAS
2008 Sales: 841,820,000
Major Industry: Financial
Sub Industry: Commercial Banks
Country: UNITED STATES
Employees: 2505

Business Description
South Financial Group Incorporated. The Group's principal activity is to provide financial services, including deposits, loans, treasury management, merchant processing, full-service brokerage and investments, business and personal insurance, trust, investment management and financial planning. It operates through three segments: South Carolina bank, North Carolina bank, Florida Carolina bank and others. Lending commitments include loan commitments, standby letters of credit, unused business credit card lines, and documentary letters of credit. These instruments are not recorded in the consolidated balance sheet until funds are advanced under the commitments. The deposits of the Group include savings accounts, time deposits, interest-bearing, checking account and money market. It also offers internet banking services and ATM facilities. At 31-Dec-2008, it operates through 82 branch offices in South Carolina, 71 in Florida and 27 in North Carolina.

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