South Financial Group
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.
This investment resulted in a loss to taxpayers.
Dividends Paid in Aug. 2009
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Purchase - Preferred Stock w/ Warrants