UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report: August 16, 1999
CAROLINA FIRST CORPORATION
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(Exact name of registrant as specified in its charter)
South Carolina 0-15083 57-0824914
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(State of other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification Number)
102 South Main Street, Greenville, South Carolina 29601
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 255-7900
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ITEM 5. OTHER EVENTS
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Carolina First Corporation announces its financial results for the
first month of combined operations after its merger with Citrus Bank. As
previously reported, the merger was consummated on July 1, 1999 and was
accounted for as a pooling-of-interests. Accordingly, financial information for
all prior periods has been restated to combine the accounts of Citrus Bank with
those of Carolina First Corporation. In the opinion of management, the following
unaudited financial information for the one month ended July 31, 1999 and 1998
contains all adjustments (which consists of normal recurring accruals) necessary
to present such information in accordance with generally accepted accounting
principles.
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<CAPTION>
For the One Month Ended
(Dollars in thousands, unaudited) July 31, 1999 July 31, 1998
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<S> <C> <C>
Interest income......................................... $19,275 $16,412
Interest expense........................................ 8,912 8,029
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Net interest income.................................. 10,363 8,383
Provision for loan losses............................... 1,404 1,316
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Net interest income after provision
for loan losses................................... 8,959 7,067
Noninterest income...................................... 2,272 2,070
Noninterest expense..................................... 7,879 6,051
Income tax expense...................................... 1,071 1,159
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Net income............................................ $2,281 $1,927
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Not applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CAROLINA FIRST CORPORATION
Dated August 16, 1999
By: /s/ William S. Hummers III
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William S. Hummers III
Executive Vice President
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