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 $796,000 in
financial incentives. BEA provides financial incentives to
financial institutions and CDFIs for their increased community
development activities in distressed communities.