**Exhibit** **21.1**

SUBSIDIARIES OF REGISTRANT 

|                                             |   |            |   |           |
|--------------------------------------------------|--------|-----------------|--------|----------------|
|                                             |   |            |   | JURISDICTION   |
| NAME OF SUBSIDIARY                               |   | DIRECT/INDIRECT |   | INCORPORATION  |
|                                             |   |            |   |           |
| 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 Statutory Trust III                |   | Direct          |   | Delaware       |
| Koss-Olinger and Company                         |   | Indirect        |   | Florida        |
| Koss-Olinger Consulting, Inc.                    |   | Indirect        |   | Florida        |
| Mtnbk, Ltd.                                      |   | Indirect        |   | North Carolina |
| NDC New Markets Investments XIII, L.P.           |   | Indirect        |   | Delaware       |
| RE Holdings, Inc.                                |   | Indirect        |   | South Carolina |
| SCOREIT, Inc.                                    |   | Indirect        |   | Virginia       |
| South Financial Capital Trust 2006-I             |   | Direct          |   | Delaware       |
| South Financial Capital Trust 2006-II            |   | Direct          |   | Delaware       |
| South Financial Capital Trust 2007-I             |   | Direct          |   | Delaware       |
| South Financial Capital Trust 2007-II            |   | Direct          |   | Delaware       |
| South Financial Capital Trust 2007-III           |   | Direct          |   | Delaware       |
| South Group Insurance Services, Inc.             |   | Indirect        |   | South Carolina |
| Summit Title, LLC                                |   | Indirect        |   | North Carolina |
| 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       |