Exhibit 21.1

SUBSIDIARIES OF REGISTRANT



|                                                 |  |                 |  |                          
|------------------------------------------------ |  | --------------- |  | -------------------------
|NAME OF SUBSIDIARY                               |  | DIRECT/INDIRECT |  | JURISDICTIONINCORPORATION
|American Pensions, Inc.                          |  | Direct          |  | South Carolina           
|Bowditch Insurance Corporation                   |  | Indirect        |  | Florida                  
|Carolina First Bank                              |  | Direct          |  | South Carolina           
|Carolina First Community Development Corporation |  | Indirect        |  | South Carolina           
|Carolina First Mortgage Loan Trust               |  | Indirect        |  | South Carolina           
|Carolina First Mortgage Loan Trust II            |  | Indirect        |  | South Carolina           
|Carolina First Securities, Inc.                  |  | Indirect        |  | South Carolina           
|CF Investment Company                            |  | Direct          |  | South Carolina           
|Citrus REIT Corporation                          |  | Indirect        |  | Florida                  
|CNB Properties, Inc.                             |  | Indirect        |  | Florida                  
|Flaresco, Inc.                                   |  | Indirect        |  | Florida                  
|FLOREIT, Inc.                                    |  | Indirect        |  | Virginia                 
|Florida Banks Capital Trust I                    |  | Direct          |  | Delaware                 
|Florida Banks Capital Trust II                   |  | Direct          |  | Delaware                 
|Florida Banks Statutory Trust II                 |  | Direct          |  | Delaware                 
|Florida Banks Statutory Trust III                |  | Direct          |  | Delaware                 
|Koss-Olinger and Company                         |  | Indirect        |  | Florida                  
|Koss-Olinger Consulting, Inc.                    |  | Indirect        |  | Florida                  
|Mercantile Bank                                  |  | Direct          |  | Florida                  
|MountainBank Capital Trust I                     |  | Direct          |  | Delaware                 
|Mtnbk, Ltd.                                      |  | Indirect        |  | North Carolina           
|NDC New Markets Investments XIII, L.P.           |  | Indirect        |  | Delaware                 
|Poinsett Service Corporation                     |  | Direct          |  | South Carolina           
|RE Holdings, Inc.                                |  | Indirect        |  | South Carolina           
|SCOREIT, Inc.                                    |  | Indirect        |  | Virginia                 
|South Group Insurance Services, Inc.             |  | Indirect        |  | South Carolina           
|South Group Investment Services, Inc.            |  | Indirect        |  | Delaware                 
|South Financial Asset Management, Inc.           |  | Indirect        |  | South Carolina           
|South Financial Capital Trust II                 |  | Direct          |  | Delaware                 
|South Financial Capital Trust III                |  | Direct          |  | Delaware                 
|Summit Title, LLC                                |  | Indirect        |  | North Carolina           
|TSFG Capital Trust 2002-A                        |  | Direct          |  | Delaware                 
|TSFG Capital Trust A                             |  | Direct          |  | Delaware                 
|TSFG Capital Trust B                             |  | Direct          |  | Delaware                 
|TSFG Capital Trust C                             |  | Direct          |  | Delaware                 
|TSFG Capital Trust D                             |  | Direct          |  | Delaware                 
|TSFG Capital A, LLC                              |  | Direct          |  | Delaware                 
|TSFG Capital B, LLC                              |  | Direct          |  | Delaware                 
|TSFG Capital C, LLC                              |  | Direct          |  | Delaware                 
|TSFG Capital D, LLC                              |  | Direct          |  | Delaware