Greene County Bancshares Raises Its Quarterly Cash Dividend 8% to $0.13 Per Share.GREENEVILLE, Tenn. -- Greene County Greene County is the name of fourteen counties in the United States of America, each named in honor of American Revolutionary War general Nathanael Greene:
in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GCBS GCBS General Council of British Shipping GCBS Ground Controlled Bombing System ) today announced that its Board of Directors has increased the Company's quarterly cash dividend to $0.13 per share, representing an 8% increase from the previous amount. The dividend is payable on March 23, 2007, to shareholders of record as of March 9, 2007. Commenting on the announcement, Stan Puckett, Chairman and Chief Executive Officer, said, "Our earnings per share rose 33% in the fourth quarter of 2006 and were 25% higher for the full year. Coupled with this, we generated strong balance sheet growth in 2006. We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by this solid momentum in our business and the favorable prospects we see for continued growth. Based on the Company's strong performance and outlook, we are pleased to raise the dividend payout to our shareholders, which allows them to participate directly in our ongoing progress." Greeneville, Tennessee-based Greene County Bancshares, Inc., with total assets of approximately $1.7 billion, is the holding company for GreenBank. GreenBank, which traces its origin to 1890, has 49 branches throughout East and Middle Tennessee, one branch each in Bristol, Virginia, and Hot Springs, North Carolina Hot Springs is a town in Madison County, North Carolina, United States. The population was 645 at the 2000 census. Geography Hot Springs is located at (35.895577, -82.831023)GR1. , and a wealth management office in Gallatin, Tennessee. In addition, GreenBank also conducts separate businesses through three wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. : Superior Financial Services, Inc., a consumer finance company; GCB GCB Gaming Control Board GCB Guyana Cricket Board GCB Gas Circuit Breaker GCB Groupement des Cartes Bancaires (French credit card data processor) GCB General Council of the Bar of South Africa GCB Grand Cross of the Bath 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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