Journalism in the Public Interest

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
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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.


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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