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TD Bank says it will add 1,600 jobs in South Carolina in the next three to five years as it builds a regional hub there.
November 16 -
Toronto-Dominion Bank's announcement Monday that it plans to purchase South Financial Group Inc. is as notable for what it is not — a failed-bank deal with the Federal Deposit Insurance Corp. — as for what it is: an acquisition featuring key Treasury Department concessions on Troubled Asset Relief Program-related securities held by the target.
May 17 -
South Financial Group Inc. is about to find out just how much of the market's confidence the banking industry has regained.
June 19
When TD Bank bought South Financial Group in October 2010, it got more than branch offices, deposits and loans. It also received a huge, high-profile office campus.
TD Bank has spent $17 million to renovate the 300,000-square-foot campus, to repurpose it as a call center and for other business divisions. Now, the 67-acre campus, which sits in a very visible spot along Interstate 85 in the booming city of Greenville, S.C., is ready to reopen.
TD Bank has made significant upgrades, installing energy-efficient features throughout much of the facility, giving the buildings Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council. Other upgrades are more decorative — a huge sign with the TD Bank logo looms next to the bustling I-85 corridor, sitting in front of a lake with fountains.
The campus currently houses about 650 employees and TD Bank plans to hire up to 1,400 people by 2014, according to company spokeswoman Judy Rusk. In addition to the call center, the Greenville campus houses other divisions, including small business lending and operations, bank operations, technology and training.
South Financial, which had $12 billion of assets, owned Carolina First Bank, which had offices in Florida, North Carolina and South Carolina. South Financial
TD Bank
