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56Chevy

06/08/14 12:04 AM

#9 RE: 1center #8

Termination of a Material Definitive Agreement

On June 2, 2014 - Greer Bancshares Inc. received notice from the Federal Reserve Bank of Richmond that the Memorandum of Understanding (MOU) between the Company and the Federal Reserve Bank of Richmond had been terminated effective May 30th, 2014. The MOU had been in effect since May 29th, 2013.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10032256

*This is always a good day for D & O ....and a good sign for shareholders going forward.

Marker:
Greer Bancshares, In (GRBS)
$7.49 down -0.21 (-2.73%)
Volume: 100