Jan
28

South Financial Group May Sell Unfinished Corporate Campus

By
– scbiznews.com

The South Financial Group might sell the corporate campus under construction near Clemson University’s International Center for Automotive Research in Greenville, interim CEO Lynn Harton told investors today.

Strapped by bad loans largely in the Florida real estate market, the parent of Carolina First bank lost $319.4 million in the fourth quarter, its fourth consecutive quarterly loss. Year-end losses for 2008 totaled $568.6 million, the company announced Tuesday.

“Clearly numbers we’re not proud of,” Harton said in a conference call with investors this morning.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.columbiabusinessreport.com/news/26295-south-financial-group-may-sell-unfinished-corporate-campus?rss=0
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