Bailout Bank Bio: Green Bankshares

May 26, 2009 | 2 min read | Print Article

Green Bankshares, Inc. serves as the bank holding company for GreenBank (the Bank), which is a Tennessee-chartered commercial bank that conducts the principal business of the Company. During the year ended December 31, 2008, the Bank had 63 Tennessee based full-service banking offices located in Greene, Blount, Cocke, Hamblen, Hawkins, Knox, Loudon, McMinn, Monroe, Sullivan, and Washington Counties in East Tennessee and in Davidson, Lawrence, Macon, Montgomery, Rutherford, Smith, Sumner and Williamson Counties in Middle Tennessee. The Bank also operates two other full service branches-one located in nearby Madison County, North Carolina and the other in nearby Bristol, Virginia. Further, the Bank operates a mortgage banking operation in Knox County, Tennessee. On May 18, 2007, it completed its acquisition of Civitas BankGroup, Inc. (CVBG). The company was founded in 1890 and is based in Greeneville, Tennessee.

In December the company announced it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $72.3 million in exchange for preferred stock.

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Bailout Bank Bio: Green Bankshares (Green Bank)


Federal Equity Investment	$72.3 million
Total Revenue	$204.1 million (2008) $204.3 million (2007)
Net Income	-$5.4 million (2008) $24.4 million (2007)
Number of Employees	789
Corporate Headquarters	Greeneville, Tennessee
Business Sector	Bank
Officers and Directors	Puckett, R. Stan, Chairman of the Board and Chief Executive Officer Other Officers and Directors
Corporate Website	https://www.greenbankusa.com
Executive Compensation	Green Bankshares