GCBS Greene County Bancshares (MM)

Stan Puckett, Chairman and Chief Executive Officer of Greene County Bancshares, Inc. (NASDAQ: GCBS), the holding company for GreenBank, today announced that the Company has promoted James E. Adams, Chief Financial Officer, adding the title of Executive Vice President. Adams joined Greene County Bancshares as Senior Vice President and Chief Financial Officer in 2005. Commenting on the announcement, Puckett said, "We feel fortunate to have benefited from Jim's wisdom and insight that stem from a 34-year career in banking and a life's work dealing with financial issues, and his role in our recently more active merger and acquisition activities has proved invaluable. He's now the only member of our management team designated as Executive Vice President, and we believe his contributions to our business have earned him this promotion. Great things are happening at GreenBank, and we look forward to working with Jim as we capitalize on new opportunities for growth." Beginning in banking in 1973, Adam 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. Prior to joining Green County Bancshares, 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 $1.8 billion, is the holding company for GreenBank. GreenBank, which traces its origin to 1890, has 49 branches throughout East and Middle Tennessee, one branch each in Bristol, Virginia, and Hot Springs, North Carolina, and a wealth management office in Gallatin, Tennessee. In addition, GreenBank 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 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.