Greene County to Split Stock on 5-for-1 Basis

Greene County Bancshares Inc. (Nasdaq:GCBC) announced this morning that the Board of Directors approved a 5-for-1 stock split on April 25, payable in the form of a stock dividend. The payable date is set for May 29, 2001 to shareholders of record as of May 15, 2001.

Currently, Greene County Bancshares has approximately 2 million shares outstanding, 800 thousand in the float, and 4 million shares authorized for issuance. The last stock dividend issued by the company was an 11-for-10 in 1999.

GCBC is trading just off the stock's 52-week high at $10.15.

About the Company:

The Company serves as the bank holding company for Greene County Bank, a Tennessee-chartered commercial bank. Greene County Bank is headquartered in Greeneville, Tennessee and is the largest community bank in Tennessee, with 26 branch banks in twelve east Tennessee counties and one branch bank in western North Carolina and $781.5 million in total assets as of March 31, 2001. (company press release)

For further details, be sure to check out the complete profile located on the site. To view a chart on the stock, click on the link provided below.

View Profile for GCBC

View Chart for GCBC