Greene County Bancshares Declares Quarterly Cash Dividend of $0.13 Per Share
15 Mayo 2007 - 8:08AM
Business Wire
Greene County Bancshares, Inc. (NASDAQ: GCBS) today announced that
its Board of Directors has declared a regular quarterly cash
dividend of $0.13 per share. The dividend is payable on June 19,
2007, to shareholders of record as of June 6, 2007. 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. Progress of Civitas Acquisition The Company is
holding its annual meeting of shareholders this week on May 16, at
which time the Company's shareholders will consider and vote upon,
among other things, the Company's proposed acquisition of Civitas
BancGroup, Inc. ("Civitas"). All other regulatory approvals
required for the effectiveness of the transaction have been
received. If the transaction is approved by both the Company's and
Civitas shareholders, the Company would expect the merger to be
effective on or about May 18, 2007. The Company expects that the
process described in the merger agreement for Civitas shareholders
to elect the form of consideration will be completed by June 5,
2007. Accordingly, those Civitas shareholders who receive Greene
County stock will be shareholders of record on June 6, 2007, and be
eligible to receive the dividend declared by the Board of
Directors. Availability of Certain Information This communication
is not a solicitation of a proxy from any security holder of the
Company or Civitas. The Company has filed a registration statement
on Form S-4 with the Securities and Exchange Commission ("SEC") in
connection with the proposed merger of Greene County and Civitas.
The Form S-4 contains a joint proxy statement/prospectus and other
documents for the respective shareholders' meeting of the Company
and Civitas at which time the proposed merger will be considered.
The Form S-4 and joint proxy statement/prospectus contain important
information about the Company, Civitas, the merger and related
matters. INVESTORS AND SECURITY HOLDERS ARE ENCOURAGED TO READ THE
JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS
TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED
TRANSACTION BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT
THE�COMPANY, CIVITAS AND THE PROPOSED TRANSACTION. Investors and
security holders may obtain free copies of these documents once
they are available through the website maintained by the SEC at
http://www.sec.gov. Free copies of the joint proxy
statement/prospectus also may be obtained by directing a request by
telephone or mail to: Greene County Bancshares, Inc. Civitas
BankGroup, Inc. 100 North Main Street 4 Corporate Centre
Greeneville, TN 37743-4992 810 Crescent Centre Drive, Suite 320
Attention: Chief Financial Franklin, TN 37067 Officer Attention:
Investor Relations (423) 639-5111 (615) 263-9500 This communication
shall not constitute an offer to sell or the solicitation of an
offer to buy securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. Participants in the
Solicitation The directors and executive officers of the Company
and Civitas may be deemed to be participants in the solicitation of
proxies with respect to the proposed transaction. Information about
the Company's directors and executive officers is contained in the
joint proxy statement/prospectus filed by the Company with the SEC
on April 20, 2007, which is available on the Company's web site
www.greenbankusa.com and at the address provided above. Information
about Civitas' directors and executive officers is contained in the
Annual report on Form 10-K/A filed by Civitas with the SEC on April
30, 2007, which is available on Civitas' website
www.civitasbankgroup.com. Other information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests by security holding or otherwise, is
contained in the joint proxy statement/prospectus and other
relevant material to be filed with the SEC. Cautionary Statement
Regarding Forward Looking Information Certain matters discussed in
this news release relative to the Company's acquisition of Civitas
are not historical facts but are "forward-looking statement" within
the meaning of and are furnished pursuant to the Private Securities
Litigation Reform Act of 1995. 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. Risks and
uncertainties related to the Company's business are discussed in
the Company's SEC filings, including its Annual Report on Form 10-K
for the year ended December 31, 2006 and Quarterly Reports on Form
10-Q for the quarter ended March 31, 2007. The Company undertakes
no obligation to update forward-looking statements.
Greene County Bancshares (NASDAQ:GCBS)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Greene County Bancshares (NASDAQ:GCBS)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024