South Financial Group
Greenville,
S.C. |
See all recipients in
South Carolina
$347M
Disbursed
$130M
Returned
$16.8M
Revenue to Gov't
$200M
Net Outstanding
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.
| 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
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 12/05/2008 | Purchase | $347,000,000 | CPP |
Purchase - Preferred Stock w/ Warrants
|