UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
to
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report: August 31, 2002 (date report originally filed)
The South Financial Group, Inc.
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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
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Effective August 31, 2002, The South Financial Group, Inc. ("TSFG")
completed its acquisition of Gulf West Banks, Inc. ("Gulf West"). This was
accomplished through the merger of Gulf West with and into TSFG, all as provided
in the Agreement and Plan of Merger dated March 21, 2002 between TSFG and Gulf
West. This Amendment No. 1 amends the previous Current Report on Form 8-K dated
August 31, 2002 to include financial statements of the acquired business and pro
forma information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired
(1) The audited consolidated balance sheets of Gulf West Banks, Inc.
and Subsidiaries at December 31, 2001 and 2000, and the related
consolidated statements of earnings, stockholders' equity and
cash flows for each of the years in the three-year period ended
December 31, 2001 and the related report of Hacker Johnson &
Smith PA dated January 18, 2002 are incorporated herein by
reference to the Annual Report on Form 10-K for the year ended
December 31, 2001 of Gulf West Banks, Inc.
(2) The unaudited consolidated balances sheet of Gulf West Banks,
Inc. and Subsidiaries at June 30, 2002 and the related
consolidated statements of earnings, stockholders' equity and
cash flows for the six month periods ended June 30, 2002 and 2001
are incorporated herein by reference to the Quarterly Report on
Form 10-Q for the quarter ended June 30, 2002 of Gulf West Banks,
Inc.
(b) Pro Forma Financial Information
Unaudited pro forma condensed combined financial information of TSFG
and Gulf West at and for the six months ended June 30, 2002 and for
the year ended December 31, 2001 are filed as Exhibit 99.1 to this
Current Report on Form 8-K/Amendment No. 1.
(c) Exhibits
Exhibit
Number
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23.1 Consent of Hacker Johnson & Smith PA
99.1 Unaudited Pro Forma Condensed Combined Financial Information of
TSFG and Gulf West at and for the Six months ended June 30, 2002
and for the Year Ended December 31, 2001.
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.
The South Financial Group, Inc.
September 27, 2002 By: /s/ William S. Hummers III
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William S. Hummers III
Executive Vice President
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