UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report: February 17, 1999
CAROLINA FIRST CORPORATION
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(Exact name of registrant as specified in its charter)
South Carolina 0-15083 57-0824914
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(State of other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification Number)
102 South Main Street, Greenville, South Carolina 29601
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 255-7900
The Exhibit Index appears on page 4 hereof.
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ITEM 5. OTHER EVENTS
In January 1999, Carolina First Corporation formed Carolina First
Foundation, a non-profit corporation organized for charitable purposes, and
contributed 290,000 shares of Net.B@nk, Inc. common stock to Carolina First
Foundation.
In February 1999, Carolina First Corporation contributed capital in the
form of 30,000 shares of Net.B@nk, Inc. to Carolina First Guaranty Reinsurance,
Ltd., a company which will be engaged in the reinsurance of credit insurance
offered to customers of Carolina First Corporation's banking subsidiaries.
On February 10, 1999, Carolina First Corporation and its wholly-owned
subsidiary, Carolina First Guaranty Reinsurance, Ltd., sold 50,000 shares and
30,000 shares, respectively, of Net.B@nk, Inc common stock at a net price of
$43.47 per share in connection with Net.B@nk's secondary public offering. In
addition, Carolina First Foundation sold 290,000 shares of Net.B@nk, Inc. common
stock at a net price of $43.47 per share in connection with Net.B@nk's secondary
public offering.
See attached Press Release from Net.B@nk, Inc. issued on February 5, 1999.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS OF THE BUSINESSES ACQUIRED. Not Applicable
(b) PRO FORMA FINANCIAL INFORMATION. Not Applicable
(c) EXHIBITS.
99.1 Press Release from Net.B@nk, Inc. Issued on February 5, 1999
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CAROLINA FIRST CORPORATION
February 17, 1999 By: /s/ William S. Hummers III
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William S. Hummers III
Executive Vice President
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EXHIBIT INDEX
EXHIBIT
99.1 Press Release from Net.B@nk, Inc. Issued on February 5, 1999
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