In August, TSFG reported $16.8 million in losses for its second quarter and announced the reorganization of its executive management team from 11 to five.
Publicly traded on Nasdaq, TSFG’s stock closed at $7 on Tuesday, down 31 percent from a year ago. TSFG has a $100 million headquarters under construction along Interstate 85 in Greenville.
They're cutting positions, losing money, but somehow need a new mega-office building. For such a stellar performance at the helm, their CEO gets to retire at the end of the year.