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"For the past 21 years, I have been fortunate and blessed to be CEO of this Company and the Bank, and to work alongside an amazing and talented team of bankers and a strong Board of Directors," Puckett, 53, said in a news release.
The Greeneville, Tenn.-based bank lost $151.4 million, or $11.58 a diluted share, in the second quarter. The company had profits of more than $1.4 million in the same period last year.
The company blamed a goodwill impairment charge of $137.4 million for most of the loss.
Greenbank has three offices in Knox County and one in Blount County.
To see more of The Knoxville News-Sentinel or to subscribe to the newspaper, go to http://www.knoxnews.com. Copyright (c) 2009, The Knoxville News-Sentinel, Tenn. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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