THE SOUTH FINANCIAL GROUP

1999 Annual Report

Corporate Profile
Financial Highlights
Letter to Shareholders
The Future of Banking
Five-Year Summary
Quarterly Financial Data
Financial Review
Condensed Consolidated Balance Sheets
Condensed Consolidated Income Statements
Independent Auditors' Report
Statement of Financial Responsibility
Directors and Executive Management
Advisory Board Members
Locations
Shareholder Information
Company Information
The South Financial Group
104 South Main Street
Poinsett Plaza
Greenville, SC 29601
www.thesouthgroup.com

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We can see the future of banking from here.

A word about our new corporate name… while we will still operate Carolina First Bank in South Carolina, our change to The South Financial Group accurately reflects our new, regional focus across the fastest growing area of the country. As a result, we have expanded our super community banking concept into new, profitable markets within the South. Our new name also emphasizes a broad and evolving array of financial services, a "group" designed to meet the many needs of our customers. The South Financial Group. It means being more than simply a bank. It means customer options, customer choice, and customer service, all with a more regional, more farsighted vision.

www.thesouthgroup.com
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