797871--2/29/2008--SOUTH_FINANCIAL_GROUP

related topics

{regulation, change, law}

{condition, economic, financial}

{control, financial, internal}

{financial, litigation, operation}

{operation, international, foreign}

{capital, credit, financial}

Our loans are predominately focused in three states and adverse economic conditions in those states, in particular, could have a negative impact on our financial condition and results of operations. TSFG s earnings are exposed to risks associated with movements in market interest rates. TSFG and its subsidiaries are extensively regulated and non-compliance with the USA Patriot and Bank Secrecy Acts may result in fines or sanctions that may adversely affect results of operations. TSFG is required to make a number of judgments in applying accounting policies and different estimates and assumptions in the application of these policies could result in changes to our reporting of financial condition and results of operations. TSFG s controls and procedures may fail or be circumvented or outside parties may perpetrate a fraud, resulting in an adverse effect on the Company s results of operations and financial condition. An interruption or breach in security with respect to TSFG s information systems, as well as information systems of TSFG s outsourced service providers, could damage our reputation, result in a loss of customer business, subject us to additional regulatory scrutiny, or expose us to civil litigation, any of which could have a material adverse effect on our financial condition and results of operations. Inability to achieve customer deposit growth could adversely impact profitability and liquidity.

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797871--2/29/2008--SOUTH_FINANCIAL_GROUP_INC