SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 26, 2001
GREENE COUNTY BANCSHARES, INC.
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(Exact name of Registrant as specified in its charter)
Tennessee 0-14289 62-1222567
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
100 North Main Street, Greeneville, Tennessee 37743-4992
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(Address of principal executive offices)
(423) 639-5111
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Registrant's telephone number, including area code
Not Applicable
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(Former Name or former address, if changed since last report)
Item 5. Other Events.
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On September 26, 2001, the Registrant's wholly owned subsidiary, Greene
County Bank, a Tennessee state-chartered bank (the "Bank"), entered into a
Branch Purchase Agreement (the "Agreement") with SunTrust Bank, a Georgia
banking corporation ("SunTrust") for the Bank's assumption of deposits and
purchase of certain assets of three branch offices of SunTrust located at 210
West Main Street, Rogersville, Tennessee, 410 Park Boulevard, Rogersville,
Tennessee and 290 Bellamy Avenue, Surgoinsville, Tennessee.
Under the terms of the Agreement, the Bank will acquire the personal
property, fixed assets, real property, cash, and records of each of the three
branch offices. In return, the Bank will assume the deposit liabilities of the
three branches and will also pay SunTrust a deposit premium equal to 6% of the
balance of the deposits as of the closing date, an agreed upon amount for
personal property, fixed assets and real property, and the full amount of the
cash assets. The transaction is expected to close in December 2001.
The Bank does not plan to raise additional equity or to incur any debt in
connection with the proposed transaction.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) - (b) Not applicable.
(c) The following exhibit is filed as part of this report.
Exhibit 99.1 Press release dated September 28, 2001
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: October 1, 2001 By: /s/ R. Stan Puckett
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R. Stan Puckett
President, Chief Executive Officer and Director
(Duly Authorized Representative)