TSFG execs enter into agreements with TD

Several top-ranking South Financial Group executives have entered into lucrative employment contracts with TD Bank Financial Group, which is in the process of acquiring the Greenville-based financial services company.

According to information filed late last week with the US Securities and Exchange Commission, South Financial Group Chief Executive H. Lynn Harton will receive $450,000 annually under terms of a deal with TD.

Other high-ranking TSFG officials who will be paid handsomely for continuing on with TD include:

• Christopher S. Gompper, president, Carolina First Bank, $300,000;
• J. Ernesto Diaz, president, Mercantile Bank, $300,000;
• Robert A. Edwards, chief credit officer, $200,000; and
• Tanya A. Butts, chief operations and technology officer, $200,000.