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 |
Jump to table of transactions
Map: Corporate headquarters of South Financial Group.
Greenville,
S.C.
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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 -
$4M Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$4M Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$8M 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 |
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