Carolina Last?


Shares of stock in The South Financial Group Inc., the holding company that owns Carolina First, are reportedly down 31 percent in the last year:


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.

Lucky guy.

1 Response to "Carolina Last?"

  1. Anonymous 3/9/08 12:34
    You may not hear about it in the news magazines, though they're dancing around it. Apparently the Feds went in to investigate to see if the bank was about to fail (in July). It's teetering on a precipice is the only image that comes to mind. And the scbizmag article supports that point. I wouldn't be surprised to see it go plunk before the years out.

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