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South Financial Group

Departing Execs At Smaller TARP Banks Got Golden Parachutes

ProPublica | Posted 07.12.2009 | Business

Read More: CEO Pay, Hamptons Road Bancshares, Bailout, Associated Bankcorp, Webster Financial, Executive Compensation, Mid-Sized Banks, South-Financial-Group, Business News

Yesterday, the Treasury Department released new rules [1] on how much banks that received TARP money can pay their executives. Among the rules is one...

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Bank Got Bailout, CEO Got Golden Parachute

ProPublica | Posted 12.21.2008 | Business

Read More: Financial Crisis, South Financial Group, Golden Parachute, Wall Street Bailout, Mack Whittle, Bailout Bandits, Business News
ProPublica

The South Financial Group announced this week that it had been approved to receive $347 million from the U.S. government. But the bank's founder and longtime CEO won't be sticking around.

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