South Financial Group

$347,000,000
Committed
2.1%
of Bank bailout commitment
0.1%
of total bailout commitment.
Disbursed $347,000,000
Returned $130,179,219
Revenue to Gov't $16,786,111
Net Outstanding $200,034,670

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Map: Corporate headquarters of South Financial Group.
Greenville, S.C.
See all recipients in South Carolina

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About This Project

We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .

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  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.

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

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

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