The South Financial Group, Inc.
The South Financial Group, Inc. (TSFG) is the US based financial holding company. The company principally operates through Carolina First Bank which is a commercial bank, and Mercantile Bank and a Bank CaroLine. TSFG together with its subsidiaries engaged in the provision of financial services such as the deposits and loans, treasury management and merchant processing; full service brokerage and investments; business and personal insurance; trust and investment management; and wealth management and private banking. TSFG serves its customers through its 82 branch offices located in South Carolina, 71 in Florida and 27 in North Carolina. The company is headquartered at South Carolina State in the US.The company reported revenues of (U.S. Dollars) USD 722.04 million during the fiscal year ended December 2008, a decrease of 17.98% from 2007. The operating profit of the company was USD 380.16 million during the fiscal year 2008, a decrease of 0.68% from 2007. The net loss of the company was USD 547.12 million during the fiscal year 2008, as against a net profit of USD 73.28 million during 2007.
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