Greene County Bancshares Subsidiary, Greene County Bank, Completes Acquisition of Five Branches in Clarksville, Tennessee, From Old National Bank.GREENEVILLE, Tenn. -- Greene County Bancshares, Inc. (NASDAQ/NM: GCBS) today announced that its bank subsidiary, Greene County Bank, has completed the previously announced purchase of five branch offices in Clarksville, Tennessee, from Old National Bank, a subsidiary of Old National Bancorp (NYSE NYSE See: New York Stock Exchange : ONB). In the acquisition, Greene County Bank assumed a total of approximately $173 million in deposits and acquired approximately $115 million in loans outstanding. Greene County Bancshares, Inc., with total assets of approximately $1.4 billion, is the holding company for Greene County Bank, headquartered in Greeneville, Tennessee. With the acquisition, Greene County Bank, founded in 1890, now has 46 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 as Sullivan County Bank and First Bristol Bank; in Hamblen County, Tennessee as Hamblen County Bank; in McMinn County, Tennessee 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. |
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