Apr
24

South Financial Group Close To Decision on $100M Campus

By
– scbiznews.com

The South Financial Group’s Board of Directors in May will determine what to do with the company’s $100 million corporate headquarters under construction near the Clemson University International Center for Automotive Research.

Facing quarterly losses and a growing number of problem loans, South Financial Group has been considering selling or leasing the building in an effort to reduce expense. The company also may move in as originally planned.

On a conference call with reporters Wednesday, President and CEO Lynn Harton said he will make a recommendation to the board in May. Harton previously said the bank would make a decision on the campus during the first quarter.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.gsabusiness.com/index.php?option=com_content&task=view&id=85
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