South Financial Group
Greenville,
S.C. |
See all recipients in South Carolina
This investment resulted in a loss to taxpayers. See below for details.
| $347M Disbursed |
| $130M Returned |
| $16.8M Revenue to Gov't |
| $200M Net Outstanding |
| $347M Committed |
Find a Bailout
Type the name of a bank:
Find bailouts in your state:
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
The South Financial Group merged with The Toronto-Dominion Bank (TD Bank). On 5/18/2010, Treasury entered into an agreement with The Toronto-Dominion Bank for the sale of all Preferred Stock and Warrants issued by South Financial Group, Inc. to Treasury at an aggregate purchase price of $130,179,218.75 for the Preferred Stock and $400,000.00 for the Warrants.
Events
-
$400K Revenue
Sep. 30, 2010 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$130M Payback
Sep. 30, 2010 Partial Repayment
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$4.34M Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$4.34M Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$7.71M Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
$347M Bailout
Dec. 5, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 09/30/2010 | Refund | $130,179,219 | CPP | Partial Repayment |
| 09/30/2010 | Warrant | $400,000 | CPP | Warrant Proceeds |
| 11/16/2009 | Dividend | $4,337,500 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $4,337,500 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $7,711,111 | CPP | Dividends Paid Through 5/31/2009 |
| 12/05/2008 | Purchase | $347,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
For our blog, resources and more, see our main bailout page.