Greene County Bancshares Names Jim Adams as CFO Designate
11 November 2005 - 10:19AM
Business Wire
Greene County Bancshares, Inc. (NASDAQ:GCBS) today announced that
James E. Adams will join the Company as Senior Vice President and
Chief Financial Officer Designate. Adams will replace William F.
Richmond as Chief Financial Officer upon Richmond's retirement at
the end of 2005. Commenting on the announcement, Stan Puckett,
Chairman of the Board and Chief Executive Officer, said, "After a
broad and extensive executive search, we were fortunate to find
someone of Jim's caliber and qualifications. He brings to our
company the wisdom and insight that comes from a 30-year career in
banking and a life's work dealing with financial issues. We are
pleased to have him join our management team and we look forward to
his contribution and counsel as we work to expand our business and
capitalize on new opportunities for growth." Beginning in banking
in 1973, Adams has been involved in all key aspects of financial
management, from strategic planning and regulatory reporting to
financial systems and data processing. A Certified Public
Accountant, he also has extensive experience in operations and with
the capital markets. Most recently, Adams served as Executive Vice
President and Chief Financial Officer of Rurban Financial Corp.
(NASDAQ: RBNF), a multi-bank holding company based in Defiance,
Ohio. In that position, Adams managed the finance and accounting,
merger and acquisition, investment portfolio, and investor
relations activities of the corporation. He has held similar
positions throughout his career at Integra Bank Corporation,
MainStreet Financial Corporation, Dominion Bankshares Corporation,
Shawmut National Corporation, and Third National Corporation. In
addition, Adams has served in senior finance positions with
Southeast Bank, Harris Bancorp, and Comerica. 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 46 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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