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: November 2, 2002

                         The South Financial Group, Inc.
           ----------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         South Carolina            0-15083           57-0824914
    (State of other juris-       (Commission       (IRS Employer
   diction of incorporation)     File Number)   Identification Number)

             102 South Main Street, Greenville, South Carolina 29601
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:  (864) 255-7900


ITEM 5.  OTHER EVENTS

     On October 29, 2002, The South Financial Group, Inc.  ("TSFG")  consummated
the sale of $22  million  of  "trust  preferred"  securities  (before  deducting
offering expenses of approximately $680,000).  These securities were issued by a
Delaware  business trust formed by TSFG. The purpose of the offering,  which was
made solely to institutional investors, was to raise capital for TSFG. This sale
of securities was not registered  under the Securities  Act, but was consummated
pursuant to an exemption from the registration requirements of securities laws.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

(a)      Financial Statements of the Businesses Acquired.  Not Applicable.

(b)      Pro Forma Financial Information.  Not Applicable.

(c)      Exhibits.  Not Applicable.




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.

November 2, 2002           By:  /s/ William S. Hummers III
                                ---------------------------------------
                                William S. Hummers III
                                Executive Vice President