The South Financial Group has a proven track record in demonstrating a commitment
to local communities.
As a result of our commitment to providing loans to small businesses, affordable
mortgage financing, and low-cost products and services designed to assist low- and
moderate-income individuals and families, we have a successful model for “balancing financial returns with community impact.”
Carolina First Bank received an “Outstanding” CRA Rating from the FDIC for our commitment
and leadership in community development lending, investments, and services. Additionally,
Carolina First Bank has received national recognition from the Community Development
Financial Institutions (CDFI) Fund as a Bank Enterprise Award (BEA) recipient for
multiple years totaling over $800,000 in financial incentives. BEA provides financial
incentives to financial institutions and CDFIs for their increased community development
activities in distressed communities.
Community involvement is part of our corporate culture. In 2009, our associate volunteer hours in
the community totaled 2,997.