Greene County Bancshares Names Two New Directors.GREENEVILLE, Tenn. -- Greene County Bancshares, Inc. (NASDAQ/NM: GCBS) today announced that Martha M. Bachman (age 50) and Robert K. Leonard (age 38) have been named to the Company's Board of Directors. These appointments expand the Company's Board to include 14 directors. Bachman, a former teacher with the Greene County School System, currently is co-owner of Lancaster's, a retail gift and jewelry shop on Main Street in Greeneville. She also is co-owner of Elmwood Farm in Greene County, the oldest continually operated family farm in Tennessee. Bachman will serve on the Compensation Committee of the Company's Board of Directors and is a member of the group of directors whose term will expire in 2006. Bachman graduated from East Tennessee State University East Tennessee State University (ETSU) is an accredited American university, founded October 21911 and located in Johnson City, Tennessee. It is part of the Tennessee Board of Regents system of colleges and universities. with a degree in Elementary Education and Early Childhood Development. She is a member of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Tusculum College in Greeneville where she also serves as Treasurer and as a member of the Finance and Investment, Audit, and Executive Committees as well as the Committee on the Presidency. She serves as a member of Youth Builders of Greeneville and the Laughlin Health Care Foundation Board. Leonard is an entrepreneur who owns and serves as president of three manufacturing businesses, including LMR Plastics, and is a partner in a commercial warehouse leasing venture. A Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , Leonard previously performed audit services with KPMG Peat Marwick, LLP in Nashville. He is a former board member of Andrew Johnson Bank in Greeneville, where he served on the Executive and Audit Committees. Leonard will serve on Greene County's Audit Committee and as a member of the group of directors whose term will expire in 2007. Leonard graduated from the University of Tennessee The University of Tennessee (UT), sometimes called the University of Tennessee at Knoxville (UT Knoxville or UTK), is the flagship institution of the statewide land-grant University of Tennessee public university system in the American state of Tennessee. with bachelor degrees in Accounting and Finance. He currently serves as a member of the Scholarship Committee of Sigma Phi Epsilon Fraternity at the University of Tennessee and is active in a number of civic and charitable organizations. Commenting on the announcement, Stan Puckett, Chairman and Chief Executive Officer of Greene County Bancshares, said, "We are pleased that Martha and Bobby have accepted our invitation to join our Board. They are outstanding members of the Greeneville community and they are well respected in business and civic circles throughout East Tennessee. Importantly, they both bring a strong background in financial and organizational management to our Board, and they add new perspectives on our customers and markets as we continue our work to make Greene County Bancshares the premier community bank in Tennessee." Greeneville, Tennessee-based Greene County Bancshares, Inc., with total assets of approximately $1.6 billion, is the holding company for Greene County Bank and is the second largest bank holding company headquartered in the state of Tennessee. Greene County Bank, founded in 1890, now has 47 branches throughout East and Middle Tennessee, one branch in Bristol, Virginia, one branch in western North Carolina Western North Carolina (often abbreviated as WNC) is the region of North Carolina which includes the Appalachian Mountains, thus it is often known geographically as the state's Mountain Region. , and a trust services office in Lebanon, Tennessee. Greene County Bank does business in Washington County, Tennessee Washington County is a county located in the U.S. state of Tennessee. As of 2000, the population was 107,198. Its county seat is Jonesborough6. The county's largest city and a regional educational, medical and commercial center is Johnson City. as Washington County Bank; in Blount County and Knox County, Tennessee Knox County is a county in the U.S. state of Tennessee. Its 2005 population was estimated at 404,972 by the United States Census Bureau. Its county seat is Knoxville6, and has been since the creation of the county. as American Fidelity Bank; in Montgomery County, Tennessee Montgomery County is a county located in the U.S. state of Tennessee. The county seat is Clarksville6. As of 2006, the county population was 162,576 . It is one of four counties that comprise the Clarksville-Hopkinsville metropolitan statistical area. as Clarksville Community Bank; in Sumner County, Tennessee Sumner County is a county located in the U.S. state of Tennessee. As of 2000, the population was 130,449. Its county seat is Gallatin6, but its largest town is Hendersonville. as First Independent Bank; in Rutherford County, Tennessee Rutherford County is a county located in the U.S. state of Tennessee. As of 2000, the population was 182,023. This grew when the 2005 estimate placed the population at 218,292. as Rutherford Bank and Trust; in Sullivan County, Tennessee Sullivan County is a county located in the U.S. state of Tennessee. As of 2000, the population was 153,048. Its county seat is Blountville6. Geography According to the U.S. Census Bureau, the county has a total area of 1,113 km² (430 mi²). as Sullivan County Bank and First Bristol Bank; in Hamblen County, Tennessee Hamblen County is a county located in the U.S. state of Tennessee. Together with Grainger and Jefferson counties, it is part of the Morristown, Tennessee Metropolitan Statistical Area which is, as of December 2005, considered a component of the Knoxville-Sevierville-La Follette, as Hamblen County Bank; in McMinn County, Tennessee McMinn County is a county located in the U.S. state of Tennessee. As of 2000, the population was 49,015. Its county seat is Athens6. Geography According to the U.S. Census Bureau, the county has a total area of 1,119 km² (432 mi²). as Bank of Athens and Bank of Niota; in Hawkins County, Tennessee as Hawkins County Bank and Bank of Bulls Gap; in Lawrence County, Tennessee as Bank of Lawrence County; in Cocke County, Tennessee as Cocke County Bank; in Loudon County, Tennessee as Community Bank of Loudon County; in Monroe County, Tennessee as Community Trust Bank; in the City of Bristol, Virginia as First Bristol Bank; in Davidson County and Williamson County, Tennessee as Middle Tennessee Bank & Trust; and in Wilson County, Tennessee as President's Trust. In addition, Greene County Bank also conducts separate businesses through three wholly owned subsidiaries: Superior Financial Services, Inc., a consumer finance company; GCB Acceptance Corporation, a consumer finance company specializing in subprime automobile lending; and Fairway Title Co., a title insurance company. This news release may contain forward-looking statements regarding Greene County Bancshares, Inc., as defined in Section 21E of the Securities Exchange Act of 1934. All forward-looking statements involve risk and uncertainty and actual results could differ materially from the anticipated results or other expectations expressed in the forward-looking statements. A discussion of factors that could cause actual results to differ materially from those expressed in the forward-looking statements is included in the Greene County Bancshares, Inc. filings with the Securities and Exchange Commission. |
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