South Financial Group Inc. reported its fourth straight quarterly loss, but its chief executive said it is willing and able to make small, government-assisted deals.

The $18.8 billion-asset Greenville, S.C., company is working to address lingering exposure to the ailing Florida residential market brought on by aggressive growth in recent years. Nevertheless, H. Lynn Harton, its interim CEO, said it has been approached by the Federal Deposit Insurance Corp. to bid on several deals for failed institutions, though it has not completed any.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.