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|                                             |   |                       |   | JURISDICTION   |
|--------------------------------------------------|--------|----------------------------|--------|----------------|
| NAME OF SUBSIDIARY                               |   | DIRECT/INDIRECT            |   | INCORPORATION  |
|                                             |   |                       |   |           |
| Bowditch Insurance Corporation                   |   |    Indirect |   | Florida        |
| Cape Road Holdco, LLC                            |   |    Indirect |   | Delaware       |
| Carolina First Bank                              |   | Direct                     |   | South Carolina |
| Carolina First Community Development Corporation |   |    Indirect |   | South Carolina |
| Carolina First Insurance Services, Inc.          |   |    Indirect |   | South Carolina |
| Carolina First Mortgage Loan Trust               |   |    Indirect |   | South Carolina |
| Carolina First Securities, Inc.                  |   |    Indirect |   | South Carolina |
| CFCDC I, LLC                                     |   |    Indirect |   | South Carolina |
| CFCDC II, LLC                                    |   |    Indirect |   | South Carolina |
| CFCDC III, LLC                                   |   |    Indirect |   | South Carolina |
| CFCDC IV, LLC                                    |   |    Indirect |   | South Carolina |
| CFCDC V, LLC                                     |   |    Indirect |   | South Carolina |
| CFCDC VI, LLC                                    |   |    Indirect |   | South Carolina |
| CFCDC VII, LLC                                   |   |    Indirect |   | South Carolina |
| CFCDC VIII, LLC                                  |   |    Indirect |   | South Carolina |
| CFCDC IX, LLC                                    |   |    Indirect |   | South Carolina |
| CFCDC X, LLC                                     |   |    Indirect |   | South Carolina |
| CFCDC XI, LLC                                    |   |    Indirect |   | South Carolina |
| CFCDC XII, LLC                                   |   |    Indirect |   | South Carolina |
| CFCDC XIII, LLC                                  |   |    Indirect |   | South Carolina |
| CFCDC XIV, LLV                                   |   |    Indirect |   | South Carolina |
| CFCDC XV, LLC                                    |   |    Indirect |   | South Carolina |
| CFCDC XVI, LLC                                   |   |    Indirect |   | South Carolina |
| CFCDC XVII, LLC                                  |   |    Indirect |   | South Carolina |
| CFCDC XVIII, LLC                                 |   |    Indirect |   | South Carolina |
| CFCDC XIX, LLC                                   |   |    Indirect |   | South Carolina |
| CFCDC XX, LLC                                    |   |    Indirect |   | South Carolina |
| CFCDC XXI, LLC                                   |   |    Indirect |   | South Carolina |
| CFCDC XXII, LLC                                  |   |    Indirect |   | South Carolina |
| CFCDC XXIII, LLC                                 |   |    Indirect |   | South Carolina |
| CFCDC XXIV, LLC                                  |   |    Indirect |   | South Carolina |
| CFCDC XXV, LLC                                   |   |    Indirect |   | South Carolina |
| CNB Properties, Inc.                             |   |    Indirect |   | Florida        |
| Florida Banks Statutory Trust III                |   | Direct                     |   | Connecticut    |
| Fontana Holdings, Inc.                           |   |    Indirect |   | Florida        |
| Foster New Bern, Inc.                            |   |    Indirect |   | North Carolina |
| Innovation Center Fund, LLC                      |   |    Indirect |   | South Carolina |
| Mtnbk, Ltd.                                      |   |    Indirect |   | North Carolina |
| NDC New Markets Investments XIII, L.P.           |   |    Indirect |   | Delaware       |
| Putnal Estates, LLC                              |   |    Indirect |   | Georgia        |
| 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       |
| Summit Title, LLC                                |   |    Indirect |   | North Carolina |
| TSFG Capital A, LLC                              |   | Direct                     |   | Delaware       |
| TSFG Capital B, LLC                              |   | Direct                     |   | Delaware       |

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|                 |   |            |   | JURISDICTION  |
|----------------------|--------|-----------------|--------|---------------|
| NAME OF SUBSIDIARY   |   | DIRECT/INDIRECT |   | INCORPORATION |
|                 |   |            |   |          |
| TSFG Capital C, LLC  |   | Direct          |   | Delaware      |
| TSFG Capital D, LLC  |   | 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      |

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