Brower Piven Files Class Action Suit Against Green Bankshares

The law firm of Brower Piven today announced that a class action has been commenced in the United States District Court for the Eastern District of Tennessee, on behalf of all persons who held shares of the common stock of Green Bankshares, Inc.

on June 16, 2011, against GRNB and members of its Board of Directors for violating Section 14 (a) of the Securities Exchange Act of 1934 and for breaching its fiduciary duties to GRNB shareholders in connection with a merger agreement with North American Financial Holdings, Inc. to acquire a 90.1 percent stake in GRNB for $217 million.