Greene County Bancshares Names Two New Directors
November 22 2005 - 9:15AM
Business Wire
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 with a degree in Elementary
Education and Early Childhood Development. She is a member of the
Board of Trustees 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, 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 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, and a trust services office in Lebanon, Tennessee.
Greene County Bank does business in Washington County, Tennessee as
Washington County Bank; in Blount County and Knox County, Tennessee
as American Fidelity Bank; in Montgomery County, Tennessee as
Clarksville Community Bank; in Sumner County, Tennessee as First
Independent Bank; in Rutherford County, Tennessee 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. 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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