Exhibit 10.2


 


REVOLVING
CREDIT NOTE


 


	
  $35,000,000.00

  	
   

  	
  Atlanta, Georgia

  
	
   

  	
   

  	
  August 30, 2005

  



 


FOR VALUE RECEIVED, the undersigned, GREENE COUNTY
BANCSHARES, INC.,  a Tennessee
corporation (the “Borrower”),
hereby promises to pay to SunTrust Bank (the “Lender”) or its registered assigns at its
principal office or any other office that the Lender designates, on the
Commitment Termination Date (as defined in the Revolving Credit Agreement dated
as of August 30, 2005 (as the same may be amended, supplemented or otherwise
modified from time to time, the “Credit
Agreement”), between the Borrower and the Lender, the
lesser of the principal sum of Thirty Five Million and no/100 Dollars
($35,000,000), which amount shall automatically reduce to Fifteen Million and
no/100 Dollars ($15,000,000) on November 30, 2005 in accordance with the
terms of the Credit Agreement, and the aggregate unpaid principal amount of all
Revolving Loans made by the Lender to the Borrower pursuant to the Credit
Agreement, in lawful money of the United States of America in immediately
available funds, and to pay interest from the date hereof on the principal
amount thereof from time to time outstanding, in like funds, at said office, at
the rate or rates per annum and payable on such dates as provided in the Credit
Agreement.  In addition, should legal
action or an attorney-at-law be utilized to collect any amount due hereunder,
the Borrower further promises to pay all costs of collection, including the
reasonable attorneys’ fees of the Lender.


 


The Borrower promises to pay interest, on demand, on
any overdue principal and, to the extent permitted by law, overdue interest
from their due dates at a rate or rates provided in the Credit Agreement.


 


All borrowings evidenced by this Revolving Credit Note
and all payments and prepayments of the principal hereof and the date thereof
shall be endorsed by the holder hereof on the schedule attached hereto and
made a part hereof or on a continuation thereof which shall be attached hereto
and made a part hereof, or otherwise recorded by such holder in its internal
records; provided, that the failure of the holder hereof to make such a
notation or any error in such notation shall not affect the obligations of the
Borrower to make the payments of principal and interest in accordance with the
terms of this Revolving Credit Note and the Credit Agreement.


 


This Revolving Credit Note is issued in connection
with, and is entitled to the benefits of, the Credit Agreement which, among
other things, contains provisions for the acceleration of the maturity hereof
upon the happening of certain events, for prepayment of the principal hereof
prior to the maturity hereof and for the amendment or waiver of certain
provisions of the Credit Agreement, all upon the terms and conditions therein
specified.  THIS REVOLVING CREDIT NOTE
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
GEORGIA AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.


 


	
   

  	
  GREENE COUNTY BANCSHARES, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Stan Puckett

  
	
   

  	
  Name:

  	
  Stan Puckett

  
	
   

  	
  Title:

  	
  Chairman of the Board and Chief

  Executive Officer

  
	
   

  	
  [SEAL]

  
				



 


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LOANS AND PAYMENTS


 


	
  Date

  	
   

  	
  Amount and

  Type of Loan

  	
   

  	
  Payments of

  Principal

  	
   

  	
  Unpaid

  Principal

  Balance of

  Note

  	
   

  	
  Name of Person

  Making

  Notation

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  



 


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