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.