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): April 8, 2003
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Greer Bancshares Incorporated
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(Exact name of registrant
as specified in its charter)
South Carolina 000-33021 57-1126200
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
1111 W. Poinsett Street, Greer, South Carolina 29650
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 877-2000
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On April 8, 2003, Greer Bancshares Incorporated, the parent company of Greer
State Bank, reported net income of $521,000, or 32 cents per diluted share, for
the quarter ended March 31, 2003, compared to $571,000, or 35 cents per diluted
share, for the first quarter of 2002, a decrease in net income of 8.75%. The
Board of Directors also declared an annual cash dividend of 70 cents per share,
to be paid in semi-annual payments of 35 cents per share on May 15, 2003 and
November 15, 2003, to shareholders of record on April 15, 2003 and October 15,
2003 respectively.
A copy of this press release is attached as Exhibit 99.1 to this Form 8-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) The following information is filed as an exhibit to the Current Report on
Form 8-K:
Exhibit No. 99.1 - Description: Press release issued April 8, 2003
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GREER BANCSHARES INCORPORATED
By: /s/ R. Dennis Hennett
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Name: R. Dennis Hennett
Title: President and Chief Executive Officer
Dated: April 9, 2003
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