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 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
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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
                                 --------------
          (Former Name or former address, if changed since last report)



Item 5.  Other Events.
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         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.
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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 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)