Staff Report
Published Jan. 31, 2013

Greer Bancshares Inc. announced in a regulatory filing that CEO Dennis Hennett retired Monday for a second time and will be succeeded by George Burdette, who joined the company in October.

George Burdette

Hennett will remain a director for the company and its wholly owned Greer State Bank. He has been with the institution since it was founded in 1988 and served as CEO until his first retirement in 2008. Hennett returned in 2011 when then-President and CEO Kenneth Harper resigned as the bank was facing losses and heightened oversight by the Federal Deposit Insurance Corp.

This week, the company reported a profit for 2012 of $4.9 million, reversing a loss of $2.1 million the prior year. Greer State Bank has assets of $361 million and operates three branch offices in Greer and one in Taylors.

Burdette joined Greer Bancshares as president in October. He now also will serve as CEO of the bank and the holding company. Before joining Greer Bancshares, Burdette served as regional manager, senior vice president and Greenville city executive for BB&T for the Upstate region.

Previous coverage

Greer bank reports 5th straight profit
Greer State Bank names new president
Greer State Bank CEO Harper resigns