-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Qv66ivttr0tuU6NGr5qmwIZRolE1ZPIu1G631KCaEgK/Ol+4cPFuZvzPzzYsvNbm zEgjxiH5v/Z8wNhKFEpI+w== 0001025537-02-000075.txt : 20020919 0001025537-02-000075.hdr.sgml : 20020919 20020919162341 ACCESSION NUMBER: 0001025537-02-000075 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020917 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREENE COUNTY BANCSHARES INC CENTRAL INDEX KEY: 0000764402 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 621222567 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14289 FILM NUMBER: 02767868 BUSINESS ADDRESS: STREET 1: 100 NORTH MAIN STREET CITY: GREENEVILLE STATE: TN ZIP: 37743-4992 BUSINESS PHONE: 4236395111 MAIL ADDRESS: STREET 1: P O BOX 1120 CITY: GREENEVILLE STATE: TN ZIP: 37744-1120 8-K 1 gcb8k9172002.txt GREENE COUNTY BANCSHARES, INC. FORM 8K 9/17/02 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 (Date of earliest event reported): September 17, 2002 GREENE COUNTY BANCSHARES, INC. ------------------------------ (Exact name of Registrant as specified in its charter) Tennessee 0-14289 62-1222567 --------- ------- ---------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 100 North Main Street, Greeneville, Tennessee 37743-4992 -------------------------------------------------------- (Address of principal executive offices) (423) 639-5111 -------------- Registrant's telephone number, including area code Not Applicable -------------- (Former Name or former address, if changed since last report) Item 5. Other Events. - --------------------- On September 17, 2002, the Board of Directors of Greene County Bancshares, Inc. authorized the repurchase of up to $2,000,000 of the Company's outstanding common stock beginning in October 2002. Further information is set forth in the attached press release. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. - --------------------------------------------------------------------------- (a) - (b) Not applicable. (c) The following exhibit is filed as part of this report. Exhibit 99.1 Press release dated September 18, 2002 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf by the undersigned hereunto duly authorized. GREENE COUNTY BANCSHARES, INC. Date: September 19, 2002 By: /s/ R. Stan Puckett ------------------------------------ R. Stan Puckett Chairman of the Board and Chief Executive Officer (Duly Authorized Representative) EX-99 3 gcb8k9172002ex991.txt EXHIBIT 99.1 PRESS RELEASE September 18, 2002 CONTACT: William F. Richmond, S.V.P. & C.F.O. 423-787-1211 FOR IMMEDIATE RELEASE GREENE COUNTY BANCSHARES, INC. ANNOUNCES STOCK REPURCHASE PLAN GREENEVILLE, Tenn--Greene County Bancshares, Inc. (Pink Sheets:GRCB) today announced that its Board of Directors, at its meeting on September 17, 2002, authorized the repurchase of up to $2,000,000 of the company's outstanding common stock beginning in October. The repurchase plan will be dependent upon market conditions and there is no guarantee as to the exact number of shares to be repurchased by the company. The plan will be in effect for the earlier of twelve months or until the total is repurchased. "This repurchase reflects our confidence in the value of our stock and prospects for future performance," said Stan Puckett, Greene County Bancshares Chairman and CEO. Puckett further commented that the repurchases generally would be effected through open market purchases, although he did not rule out the possibility of unsolicited negotiated transactions or other types of purchases. Greene County Bancshares, Inc. had approximately 6.8 million common shares outstanding and approximately 1,843 shareholders of record as of June 30, 2002. Its stock currently trades in the over-the-counter market utilizing the "pink sheet" trading format, although the company is in the process of listing its shares on the Nasdaq National Market System. Greene County Bancshares, Inc., which is headquartered in Greeneville, Tennessee, is the holding company for Greene County Bank. It had total assets of approximately $829 million and employed 384 individuals on a full-time equivalency basis at June 30, 2002. Greene County Bank is the largest community bank in East Tennessee and now has 29 branches throughout East Tennessee and one branch in Western North Carolina. Greene County Bank does business in Washington County, Tennessee as Washington County Bank; in Sullivan County, Tennessee as Sullivan County Bank and First Bristol Bank; in Hamblen County, Tennessee as Hamblen County Bank; in Blount County, Tennessee as American Fidelity 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 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; 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 company. This news release may contain forward-looking statements regarding Greene County Bancshares, Inc. 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. -----END PRIVACY-ENHANCED MESSAGE-----