Rochester, NY 9/4/2009 11:54:18 AM
News / Business

GRNB Green Bankshares, Inc. Announces CEO Retirement planned Puckett's Decision

GRNB Green Bankshares, Inc.

Green Bankshares director Bruce Campbell said that the planned retirement was totally Pucketts decision. Stan Puckett, 53, will step down March 31 as chairman and CEO of Green Bankshares and its subsidiary, GreenBank.

"I am excited about the future of GreenBank and confident about the abilities of our management team," Puckett said in a news release. "I am grateful for the support I have received and thankful for the friendships formed with associates, directors and customers. My commitment and loyalty to the company will always remain firm."

Last Trade:    4.98   
Day's Range:    4.95 - 5.75
Trade Time:     4:00pm ET
52wk Range:    3.25 - 25.17
Change:       Down 0.45 (8.29%)
Volume:    255,633
Prev Close:    5.43
Avg Vol (3m):    164,845
Open:    5.49
Market Cap:    65.61M

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ABOUT Green Bankshares

Green Bankshares, Inc. operates as the holding company for GreenBank that provides commercial banking services primarily in Tennessee. The company offers a range of deposit products, such as non-interest bearing and interest-bearing demand deposit, regular savings deposits, time deposits, money market accounts, and certificates of deposit. Its loan portfolio includes commercial real estate loans; residential real estate loans, such as one-to-four family, owner-occupied residential mortgage loans; commercial loans for various business purposes, including working capital, inventory and equipment, and capital expansion; and consumer loans for personal, family, or household purposes. In addition, the company, through its other subsidiaries, provides consumer finance, sub-prime automobile loans, and title insurance services.

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